Fair Trade is Bunk

[stephenjoseph]

Fair trade proponents "want to impose rich-world standards on countries whose competitive advantage is low labor costs. This is old fashion protectionism masquerading as compassion. If "fair trade" became American policy, the result would be higher prices for American consumers and higher unemployment in the rest of the world."

Comments

[nrubenstein]

Yes, but those communists would rather see people unemployed.

[stephenjoseph]

So would the Repubs by building a wall

[nrubenstein]

Walls have somewhat limited utility.

[stephenjoseph]

I don't see the utility. I think our immigration policies are horrificly bad. I can't wait for us to try and deport 11 million people. The trainwreck will be quite spectacular

[dindin]

Just as long as we're not using "fair trade" as a euphemism for "human rights".

[nrubenstein]

No, the people who tend to confuse that are the "fair trade" proponents.

[stephenjoseph]

Not at all. We might quibble about how to define human rights, but probably only over minor details.