It’s a myth that’s being pushed by unions and Congressional Democrats, who want to turn trade agreements into “everything agreements.”
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The same is true of manufacturing. The decline in manufacturing’s share of U.S. employment simply means that American productivity is increasing. Between 1993 and 2006, manufacturing output per hour increased by 73.8 percent.
Instead of protecting manufacturing jobs by force, the economy can develop and become more innovative, which can then lead to the creation of new jobs in other sectors of the economy.
Mandating and enforcing more stringent labor and environmental standards would price workers in developing countries above what their labor will earn in the market — thus shutting them out of the market altogether. This will drive out foreign investors, leading to increased unemployment.
However, even with these labor and environmental provisions, scrapping these trade deals now would be a bad idea, since opportunities from increased trade would be lost.
It would also hurt U.S. national security. Colombia, a steadfast U.S. ally, faces deteriorating relations with the authoritarian, belligerent, anti-American government of Hugo Chavez in neighboring Venezuela. Likewise, the U.S.-South Korea trade agreement could bolster the relationship with that country, which faces a nuclear-armed Kim Jong-Il.
Open trade is one of the best tools to promote prosperity in societies both rich and poor. Of course, the road to a better future is often bumpy, and fraught with possible disruptions. Such disruptions should be taken into account, but to focus on them at the expense of the greater goal of liberalized trade is to lose sight of the forest for the trees.
A man of faith in a godless age is hitting Americans where it hurts.
Mr. and Mrs. American Spectator Reader, let P.J. O’Rourke talk sense to your kids.
In Britain, defending your property can get you life.
The debacle of this president’s administration is both a cause and a symptom of the decline of American values. Unless Congress impeaches him, that decline will go on unchecked. An eminent jurist surveys the damage and assesses the chances for the recovery of our culture.
It won’t take long for conservatives to scratch this presidential wannabe off their 2008 scorecard.
The American Christmas, like the songs that celebrate it, makes room for everybody under the rainbow. Is that why so many people seem to be hostile to it?
Was the President done in by the economy, or by the politics of the economy?