Share on Google Plus Share on Twitter Share on Facebook Share on LinkedIn Share on PInterest Share on Fark! Share on Reddit Share on StumbleUpon Tell A Friend

Printer Friendly Page Save As Favorite View Favorites (# of views)   No comments
OpEdNews Op Eds

The Tragic Consequences Of Unregulated Free Trade

By Rev. Bill McGinnis  Posted by Rob Kall (about the submitter)     Permalink
      (Page 1 of 1 pages)
Related Topic(s): , Add Tags Add to My Group(s)

View Ratings | Rate It

opednews.com

- Advertisement -
"Free Trade" is a pretty name for the ugly economic policy of murderous, dog-eat-dog, unregulated, cut-throat competition, in which the most powerful profit-seeking corporations join together to crush everyone else; and eventually, piece-by-piece, they gain ownership or control over all the economic resources in the world.

Students of economics are usually seduced into "Free Trade" by reading the classic eighteenth century text, "Wealth Of Nations," by Adam Smith. This book describes a pleasant economic world in which each country freely chooses to produce those things which it is best suited to produce, and the benevolent "invisible hand" of supply and demand neatly regulates prices and production levels of all products, for the benefit of all people. And everyone lives happily ever after.

- Advertisement -
You can read and download "Wealth Of Nations" by clicking here

But this rosy scenario does not apply today. The biggest problem with "Wealth Of Nations" for us today is that corporations barely existed when it was written, and modern industrial Capitalism was totally unforseen. In fact, the word "Capitalism" didn't yet exist. Therefore "Wealth Of Nations" may have been very useful to describe the economic realities in 1776, but it is worthless to describe these realities today. The modern-day, multi-national, profit-seeking corporation - armed with huge financial resources, instant communication, the right to free speech, the right to own property, and the right to hire and fire - totally changes the whole scene. Halliburton is a prime example. Who can stand up against them, naked, on an unregulated battlefield? Nobody can! The entire "Wealth Of Nations" free-trade scenario is altered beyond recognition. Unless these corporations can somehow be regulated, they will form alliances as needed, then win every competition they choose to enter, every battle they choose to fight.

Until very recently, the average person in the United States has not been hurt very much by unregulated "Free Trade," because we have had the benefit of some low-priced consumer goods made in other countries under slave-labor conditions, such as cheap shoes and clothing and almost everything sold at Wal-Mart. So we have smugly said to ourselves, "This is no problem for us. We are the rich beneficiaries of free trade, not the poor victims."

But now, unregulated "Free Trade" has started to turn against us, too, as our non-manufacturing jobs have begun to leave the country to join the manufacturing jobs which have already moved away. Why should anyone have ever thought that "Free Trade" would suck out only the manufacturing jobs?
No! "Free Trade" will suck out any jobs which can be performed cheaper somewhere else than here. The manufacturing jobs were merely the first to go. For example, if Microsoft or any other high-tech corporation can get the computer programmers it needs from China or India, at less than half the cost of employing Americans, why wouldn't they do it? Corporations exist to make profits, not to be nice to people. They will hire and fire at their own discretion, and everyone else can go to hell.

- Advertisement -
Unless they are somehow regulated.

Blessings to you. May God help us all.

Rev. Bill McGinnis

###

Rev. Bill McGinnis is an Internet Christian minister, writer, and publisher. He is Director of LoveAllPeople.org, a small private think tank in Alexandria, Virginia, and all of its related websites, including InternetChurchOfChrist.org, CommitteeForTheGoldenRule.org, CivicAmerican.com, and EssaysAndCommentaries.com, LoveAllPeople.org. His agenda is to help maximize the happiness and well-being of all people.
- Advertisement -

 

- Advertisement -

View Ratings | Rate It

/* The Petition Site */
The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Follow Me on Twitter

Contact EditorContact Editor
Related Topic(s): , Add Tags
- Advertisement -

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

A Conspiracy Conspiracy Theory

Debunking Hillary's Specious Winning the Popular Vote Claim

Terrifying Video: "I Don't Need a Warrant, Ma'am, Under Federal Law"

Hillary's Disingenuous Claim That She's Won 2.5 Million More Votes is Bogus. Here's why

Ray McGovern Discusses Brutal Arrest at Secretary Clinton's Internet Freedom Speech

Cindy Sheehan Bugged in Denver