Thursday, October 13, 2011
Kaptur gets it right
More free-trade deals. OH BOY! MORE JOBS SHIPPED OVERSEAS! MY FAVORITE!
Kaptur: "Every single year we have a trade deficit with South Korea now. Why do we want to make it worse?"
Yup.
However: these particular treaties aren't as bad as some others, because they're bilateral agreements with one country at a time. That's the old-fashioned form of trade agreement, easier to modify and easier to supervise. Monster global agreements are the most serious problem. They create free-standing bureaucracies that inevitably end up serving China above all. ¶ 7:13 AM
Kaptur: "Every single year we have a trade deficit with South Korea now. Why do we want to make it worse?"
Yup.
However: these particular treaties aren't as bad as some others, because they're bilateral agreements with one country at a time. That's the old-fashioned form of trade agreement, easier to modify and easier to supervise. Monster global agreements are the most serious problem. They create free-standing bureaucracies that inevitably end up serving China above all. ¶ 7:13 AM
