War means work for all
MalignD at aol.com
MalignD at aol.com
Fri Oct 12 08:36:00 CDT 2001
Since Millison cut-and pasted, without comment, the lengthy article:
ZNet Commentary Trading on Tragedy October 12, 2001 By Mark Weisbrot,
I assume he understands and endorses Mr. Weisbrot's analysis. I'm hoping,
then, that he can clarify and expand upon it to better my own understanding
and elaborate on some points that I find unclear.
Mr. Weisbrot writes:
<<"Will the Congress strongly support free trade as a cornerstone of
international leadership?" asks US Trade Representative Robert Zoellick, the
Bush Administration's point man. Well, that depends on what he means by "free
trade." Skepticism among the public abounds: in a recent poll by the
University of Maryland, 72 percent said that US officials who make trade
policy give too little consideration to the concerns of working Americans.">>
What does the opinion of the public have to do with the likelihood of what
Congress will or will not "strongly support"?
<<They have good reason to be wary. What Zoellick doesn't tell us is that
the vast majority of Americans have actually lost income as a result of our
increased opening to trade over the last 20 years, and the ways in which this
has been done.>>
This seems overly broad. Might you fill in the gaps some as to the specifics
of lost income as it relates to trade openings over the previous two decades?
<<Most economists are reluctant to admit this in public, because free trade
is something of a religion among the profession.>>
Source? I typically find "most" economists' opinions spread across a broad
spectrum when speaking of such long-term trends. Is it Mr. Weisbrot's
opinion that Friedman and Keynes (e.g.) worshipped at the same altar?
<< But it is a solid conclusion from their own research.>>
Whose research? Economic research draws a single conclusion in this regard?
<<Economists have estimated ... They have also tried to measure ... how
much our national economy gains, in terms of increased income, from removing
tariffs and other barriers to trade. It turns out that for the vast majority
of Americans, trade's effect on redistribution -- from the lower and
middle-income groups to the wealthier -- outweighs the gains from cheaper
imports.>>
"Vast majority" seems vague; what is the actual percentage? And how are
these firm conclusions arrived at from estimates and efforts to measure?
<<This is true even if we use the more inflated estimates of the gains from
trade ...>>
Whose estimates?
<<... and even if we use the lower estimates by economists of how much trade
has increased inequality.>>
All economists? Which? Source?
<<Virtually all economists agree ...>>
Source?
<<... that trade has contributed to the widening gap between those who have a
college degree, and the three-quarters of the US labor force that does not
have one. The question is, how much? If we take the lower estimates of how
much trade has increased inequality ...>>
It is becoming for me increasingly unclear what the author means by "trade."
All commerce? Foreign trade? Specific free trade policies? NAFTA? What
does it mean to say "trade" has increased inequality? And inequality of
what? Between or among whom?
<<... then three- quarters of the labor force has lost between 1.6 and 2.4
percent of their income over the past two decades, as a result of trade
opening.>>
If three-quarters of the labor force [source?], a "vast majority," has
suffered this income loss, where lies the inequality? Inequality of what to
whom?
<<If we take a higher estimate of the effect of trade on income distribution,
then three-fourths of the American labor force has lost between 12.2 and 12.9
percent of their income.>>
What higher estimate? Whose? Source?
<<And all of this ignores, as standard economic models do, the economic
losses due to the closing of factories and long spells of unemployment that
result from trade.>>
Again, what does "trade" mean in this context? This seems unnecessarily
vague.
<<The polls reflect these economic trends.>>
What polls? Polls of what?
<<It is a striking case of the "less educated" having a much more accurate
view of economic reality than the pundits and intellectuals who dominate the
print and broadcast media.>>
What is? The single poll cited by Mr. Weisbrot offered that "72 percent [of
those polled] said that US officials who make trade policy give too little
consideration to the concerns of working Americans." On what basis can one
say that this opinion about the concerns of "officials" demonstrates a "more
accurate view of economic reality?" What are the [uncited] views of "the
pundits and intellectuals who dominate the print and broadcast media"? Who
are they? In what way do they "dominate"? Are they in singular accord?
<< Of course the label "free trade" is a misrepresentation of these
agreements. Both NAFTA and the WTO have expanded the most costly form of
protectionism on Earth, in terms of both economic costs and human life. That
is the international extension of patent protection for pharmaceuticals,
against generic competition. And NAFTA gave corporations a powerful new
right to sue governments directly, which they have already used to overturn
environmental regulations.>>
This may or may not be, but Mr. Weisbrot was talking about the Bush
administration's requesting for "Trade Promotion Authority" in light of the
conflict in Afghanistan. Where do these purported effects of NAFTA vis-a-vis
pharmaceutical patents fit in his argument?
<<All of which explains ...>> ????
<<... why we need the full participation of our elected Congressional
representatives in the formulation of international commercial policy. And
why Administration officials, now wrapping themselves in the flag, are so
eager to restrict their involvement.>>
"Wrapping themselves in the flag" is an unfortunate choice of words in an
article that purports to offer serious analysis. What arguments are actually
offered by the Administration? Do they cite any national security issues and
concerns that a reasonable person might find at least worthy of consideration?
Thanks in advance.
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