Trade Quotes - page 14
You can't explain the votes of places like Clay County as a response to disagreements about trade policy. The only way to make sense of what happened is to see the vote as an expression of, well, identity politics - some combination of white resentment at what voters see as favoritism toward nonwhites (even though it isn't) and anger on the part of the less educated at liberal elites whom they imagine look down on them.
Paul Krugman
Whether the influence of increasing returns on trade and geography is rising or falling, one thing is clear: much was learned from the intellectual revolution that brought increasing returns into the heart of how we think about the world economy. It wasn't just that economists could make sense of previously puzzling data, we found ourselves able to see things that had previously been in an intellectual blind spot. Many people contributed to this process of enlightenment; I'm proud to have been a part of the journey.
Paul Krugman
The idea of comparative advantage-with its implication that trade between two nations normally raises the real incomes of both-is, like evolution via natural selection, a concept that seems simple and compelling to those who understand it. Yet anyone who becomes involved in discussions of international trade beyond the narrow circle of academic economists quickly realizes that it must be, in some sense, a very difficult concept indeed.
Paul Krugman
We had notification since the previous Thursday that the event would take place that day. We had finished our work that day and had the radio on. It was 5:30 PM our time. I was sitting with Dr. Ahmad Abu al-Khair. Immediately, we heard the news that a plane had hit the World Trade Center.
Osama bin Laden
There is no salvation for Britain unless the special privileges granted to the trade unions in 1906 are revoked. The average level of real wages of British workers would undoubtedly be higher, and their chances of finding employment better, if the wages of different occupations were again determined by the market and all limitations on the work an individual is allowed to do were removed.
Friedrich Hayek
It is quite evident that the Soviet system today represents the exact opposite of almost everything that the left in the West is striving for - obsessive state secrecy rather than freedom of information, centralised bureaucratic control instead of devolved decision making and public accountability, total state power over the individual as opposed to inalienable civil liberties, authoritarian economic management rather than trade union freedom and industrial democracy, and a government-manipulated media instead of greater diversity and choice in news and information sources.
Peter Tatchell
Decidedly, we are at cross-purposes. What's all this you tell [from England] about the modern movement, commercialism, etc, etc? It bears no relation to our concept of art, at any rate here... That is where the error lies. Trade serves those up to us as readily as anything else; so it is no use. Wouldn't it be better to steep ourselves in genuine nature again? I do not consider in the least that we are making a mistake, that we should turn to the steam-engine and follow the general public [ William Morris, the more traditional artist became very popular those days]... No, a thousand times no! We are here to point the way.... the remedy is to be found in nature, more than ever. Let us follow what we consider to be the proper aim, we shall see who is right. After all, money is a fragile thing; let us earn some of it, since we must, but let us keep to our role.
Camille Pissarro
I am not going to bind myself to the cart-tail of a lot of capitalists. It may be unpleasant to take the money of one plutocrat in exchange for an honour, but when all is said, nothing very serious happens. Whereas if a political party is financed by great trade interests, who want something for their money, the result is certain to be very serious, as no public question would be considered on its merits.
David Lloyd George
The truth is that we have got our way. We have got most of the things we set out to get. If you had told the British people twelve months ago that they would have secured what they have, they would have laughed you to scorn. The German Navy has been handed over; the German mercantile shipping has been handed over, and the German colonies have been given up. One of our chief trade competitors has been most seriously crippled and our Allies are about to become her biggest creditors. That is no small achievement. In addition, we have destroyed the menace to our Indian possessions.
David Lloyd George
Our more serious devastation was invisible-the shattering of our export trade through our being cut off for over four years from our normal overseas markets. We were the largest international traders in the world and were, therefore, more vulnerable in this respect than any other country. Our customers had been driven either to secure their supplies from rival sources or to start manufacturing for themselves. Indeed, our export trade has never recovered from the War, as the derelict factories of our industrial districts bear melancholy witness. While world trade had by 1927 risen to 120 per cent of the pre-war level, British export trade was only 83 per cent of its pre-war height. That is our real devastated area.
David Lloyd George
Upon their casting vote depends the question whether Britain is to continue its honourable career as a pioneer in the path of human progress which, on the whole, it has pursued so nobly for generations, or whether it is in one leap to spring backward over 80 years and place itself on a level with the protectionist countries of the Continent of Europe, with their low wages, taxed food, fettered industries, and policy of international antagonisms, which interfere with prosperity and imperil the peace of the world. ... Free trade is at issue. ... I appeal fervently to Liberals not to walk straight into this booby trap set for them by the protectionists merely because it is decorated by the Union Jack.
David Lloyd George
In the war we had got out of the danger of the military spirit in Europe trampling upon human liberty, and were now confronted with a menace from inside our own country-such a menace as had destroyed Russia. That menace was an attack upon the very life-blood of Britain, and unless it was arrested at the start, the whole fabric of the commerce, trade, and prosperity of this country would come down and Britain the mighty, whose name ringed round the earth, would become a poor thing.
David Lloyd George
