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Protectionism

Why Free Trade Can't Abolish International Economic Rivalry

Ian Fletcher | Posted 05.25.2011 | Politics
Ian Fletcher

The idea that modern global supply chains have abolished international economic rivalry is trivially false.

Free Trade Killed the Great American Job Machine; Mainstream Economists Mystified

Ian Fletcher | Posted 05.25.2011 | Politics
Ian Fletcher

Here's a fascinating article by an intelligent economist, Jim Tankersly, apparently a perfectly nice fellow, puzzling over the "big mystery" of why the U.S. economy has lost so many jobs and isn't creating any more to replace them. It is rife with phrases like:

Stop the Korea Free Trade Agreement!

Ian Fletcher | Posted 05.25.2011 | Politics
Ian Fletcher

You would think America had learned its lesson from NAFTA, which the Labor Department has estimated cost us 525,000 jobs. But now it seems President Obama wants to offshore 159,000 more.

The Libertarian Delusion That "Real" Free Trade Would Work

Ian Fletcher | Posted 05.25.2011 | Politics
Ian Fletcher

It's time for libertarians to stop taking ideological refuge in an ideal world we don't live in. The problems of free trade in the real world cast doubt on their ideology.

Free Trade Doesn't Work: Interview With Economist Ian Fletcher

Michael Hughes | Posted 05.25.2011 | Business
Michael Hughes

Free trade doesn't work, the global economy is a myth and the U.S. has been duped during trade negotiations for the past 40 years according to Ian Fletcher, author of Free Trade Doesn't Work: What Should Replace It and Why.

Let's Have a Red-White-and-Blue Friday

James P. Hoffa | Posted 05.25.2011 | Business
James P. Hoffa

Something to think about if you're out shopping on Black Friday is that many of the products sold at retail stores were made in China.

The Top 10 Political Cliches About Small Business (PHOTOS)

Tim Berry | Posted 05.25.2011 | Business
Tim Berry

As the November 2nd elections near, every politician is suddenly small business' best friend. Every problem in small business is caused by the opposin...

The Emerging Anti-Trade Coalition, and Its Dangers

Robert Reich | Posted 05.25.2011 | Business
Robert Reich

Isolationism and nationalism are the handmaidens of an economically anxious and frustrated middle class. That was the lesson we learned 80 years ago, but forgot.

Don't Fear a Trade War With China

Ian Fletcher | Posted 05.25.2011 | Business
Ian Fletcher

The House Ways and Means Committee recently approved a bill that would attempt, albeit modestly, to crack down on Chinese currency manipulation, a key cause of America's trade deficit.

Is a Flat Tariff the Answer to America's Trade Mess?

Ian Fletcher | Posted 05.25.2011 | Politics
Ian Fletcher

Whether a flat tariff is ultimately the best trade policy for America is an open question, but it is worth considering the possibility simply because it sets a baseline, the "least we can do," for a solution.

America Aping Britain's Historic Decline Through Free Trade

Ian Fletcher | Posted 05.25.2011 | Business
Ian Fletcher

It is easy to forget that until about 1850, Britain, not the U.S., was the world's leading economic power. But then, of course, they blew it. There were many causes of this decline, but free trade was undoubtedly a major one.

Investment & Enterprise, Not Protectionism

Tom Vander Ark | Posted 05.25.2011 | Politics
Tom Vander Ark

India is building infrastructure and encouraging private enterprise. The US should invest and partner, not ignore and protect. We run the risk of becoming less relevant in Southeast Asia -- and the world.

Economics vs. Fakeonomics

Ian Fletcher | Posted 05.25.2011 | Business
Ian Fletcher

We skeptics of free trade are used to being told, "You don't understand economics." But I've noticed something. We are often not really struggling against real economics at all.

Appeasing China on Currency Will Doom Our Economy

Scott Paul | Posted 05.25.2011 | Politics
Scott Paul

Passing the Schumer-Graham bill in the Senate and Ryan-Murphy bill in the House would be two small steps in a larger effort to stop China's mercantilism and balance America's current account.

Maybe Not Such a Mid-Term Blowout

Robert Kuttner | Posted 05.25.2011 | Politics
Robert Kuttner

Obama has insisted that the Bush era tax cuts, which expire this year, be extended for "only" about 98 percent of Americans, but not for households making over $250,000 a year. Hard to argue with that, but watch the GOP try.

America Was Founded as a Protectionist Nation

Ian Fletcher | Posted 05.25.2011 | Politics
Ian Fletcher

Historically, protectionism has been, in fact, the real American Way; this pattern even predates American independence.

Can Globalization Be Glamorous? Check Out Brazil

Jenni Avins | Posted 05.25.2011 | Style
Jenni Avins

The country's protectionist trade policy, urban migration and growing GDP are contributing to a Brazilian fashion industry that is attracting foreign investment and exporting Brazilian brands.

Savings Are a Lousy Excuse for America's Trade Deficit

Ian Fletcher | Posted 05.25.2011 | Business
Ian Fletcher

It is time for America's ruling circles to stop their endless game of seeking ever more sophisticated ways of pretending that America's trade crisis is something other than what it is: a trade crisis.

The Vanishing American Consumer and the Coming Trade War

Robert Reich | Posted 05.25.2011 | Business
Robert Reich

By doubling exports, the Obama administration figures foreign consumers will fill the spending gap. Problem is, most other economies also relied on American consumers. High production and low demand could spell a trade war.

Much Needed Currency Reform Bill Is Only a Small First Step Towards Dealing with China

Ian Fletcher | Posted 05.25.2011 | Business
Ian Fletcher

America should impose an across-the-board tariff on Chinese goods sufficient to offset not only the effects of currency manipulation, but also all the other tricks Beijing has pulled in the past and will continue trying to pull in the future.

DK Matai | Posted 05.25.2011 | Business
DK Matai

Editor's Note: This post has been removed from the Huffington Post....

President for the Country

Sen. Fritz Hollings | Posted 05.25.2011 | Politics
Sen. Fritz Hollings

Obama must act now on jobs and deficits. Unless someone has a better idea, repealing the corporate income tax with a 5% value added tax will curtail the need to off-shore and reduce the deficit.

Uncle Sam, Global Trade Sucker

Ian Fletcher | Posted 05.25.2011 | Business
Ian Fletcher

How can the United States, the sole global superpower, get pushed around by foreign nations when it comes to negotiating trade agreements?

Yes, Virginia, There Is a Legitimate Case Against Free Trade

Ian Fletcher | Posted 05.25.2011 | Business
Ian Fletcher

Serious economists actually recognize a number of very serious criticisms of free trade -- even economists who ultimately decide that free trade is better than the alternatives.

Time Is of the Essence

Sen. Fritz Hollings | Posted 05.25.2011 | Politics
Sen. Fritz Hollings

With jobs and deficits at a critical stage, President Obama should immediately propose a 5% value added tax to replace the corporate income tax. This is realistic and doable.