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The Tragic Consequences Of Unregulated Free Trade

By Rev. Bill McGinnis  Posted by Rob Kall (about the submitter)       (Page 1 of 1 pages)     (# of views)   No comments
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"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.

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.

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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.

Unless they are somehow regulated.

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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.

 

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Rob Kall Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

Rob Kall is an award winning journalist, inventor, software architect, connector and visionary. His work and his writing have been featured in the New York Times, the Wall Street Journal, CNN, ABC, the HuffingtonPost, Success, Discover and other media. 

He is the author of The Bottom-up Revolution; Mastering the Emerging World of Connectivity scheduled for release May 22, 2019

He's given talks and workshops to Fortune 500 execs and national medical and psychological organizations, and pioneered first-of-their-kind conferences in Positive Psychology, Brain Science and Story. He hosts some of the world's smartest, most interesting and powerful people on his Bottom Up Radio Show, and founded and publishes one of the top Google- ranked progressive news and opinion sites, OpEdNews.com

more detailed bio: 

Rob Kall has spent his adult life as an awakener and empowerer-- first in the field of biofeedback, inventing products, developing software and a music recording label, MuPsych, within the company he founded in 1978-- Futurehealth, and founding, organizing and running 3 conferences: Winter Brain, on Neurofeedback and consciousness, Optimal Functioning and Positive Psychology (a pioneer in the field of Positive Psychology, first presenting workshops on it in 1985) and Storycon Summit Meeting on the Art Science and Application of Story-- each the first of their kind.  Then, when he found the process of raising people's consciousness and empowering them to take more control of their lives  one person at a time was too slow, he founded Opednews.com-- which has been the top search result on Google for the terms liberal news and progressive opinion for several years. Rob began his Bottom-up Radio show, broadcast on WNJC 1360 AM to Metro Philly, also available on iTunes, covering the transition of our culture, business and world from predominantly Top-down (hierarchical, centralized, authoritarian, patriarchal, big)  to bottom-up (egalitarian, local, interdependent, grassroots, archetypal feminine and small.) Recent long-term projects include a book, Bottom-up-- The Connection Revolution, debillionairizing the planet and the Psychopathy Defense and Optimization Project. 

(more...)
 

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