Trade Quotes - page 62
We've been living through about 45 years of a particular socio-economic political system, what's called neoliberalism... The so-called free trade agreements or radically protectionist that we're seeing that right now in front of our eyes, we see virtual monopoly on drugs. What we've really had for the 45 years is what so many economists have called a bail out economy. So it's one side of class war, markets for the poor, protection for the rich.
Noam Chomsky
[T]he simple fact is, of course, that in normal trade all parties gain; there exist mutual gains from trade. The great contribution of Adam Smith lay in his popularization of this simple point, but the full import of this conception for democratic political theory does not seem to have yet been appreciated.
Adam Smith
The one case in which he referred to the "invisible hand" was that in which private persons preferred the home trade to the foreign trade, and he held that such preference was in the national interest, since it replaced two domestic capitals while the foreign trade replaced only one. The argument of the two capitals was a bad one, since it is the amount of capital that matters, not its subdivision; but the invisible sanction was given to a Protectionist idea, not for defence but for employment. It is not surprising that Smith was often quoted in Parliament in support of Protection. His background, like ours today, was private enterprise; but any dogma of non-intervention by government has to make heavy weather in The Wealth of Nations.
Adam Smith
It has been... hard... to make sense of the gathering forces that will fundamentally alter the terms of everyday life in ...society. Even after the terrorist attacks of September 11, 2001, that collapsed the twin towers of the World Trade Center and sliced through the Pentagon, [...] [we are] still sleepwalking into [an uncertain] [...] future. We have walked out of our burning house, and we are now headed off the edge of a cliff. Beyond that cliff is an abyss of economic and political disorder on a scale that no one has ever seen before. [...] The national government will prove to be so impotent and ineffective in managing the enormous vicissitudes we face that the United States may not survive as a nation in any meaningful sense but... will devolve into a set of autonomous regions.
James Howard Kunstler
Wal-Mart will not be able to profitably run its "warehouse on wheels” when the price of oil fluctuates chronically. [...] We will never again experience the explosion of products, choices, and nonstop marketing that characterized the... twentieth century. The public may look back on the big-box shopping era with deep and mournful nostalgia, but we are apt to discover that happiness is still possible without the extraordinary advertising-driven compulsive materialism of recent decades. We will still have commerce. We will have [a] trade. There will be shopping. We will have... medium of exchange. But we are not going to live in a perpetual blue-light special sale of cornucopian wretched excess.
James Howard Kunstler
Third, we must make increased use of our food as an instrument of peace--making it available by sale or trade or loan or donation-to hungry people in all nations which tell us of their needs and accept proper conditions of distribution. Fourth, we must assure our pre-eminence in the peaceful exploration of outer space, focusing on an expedition to the moon in this decade--in cooperation with other powers if possible, alone if necessary. Fifth, we must expand world trade. Having recognized in the Act of 1962 that we must buy as well as sell, we now expect our trading partners to recognize that we must sell as well as buy. We are willing to give them competitive access to our market, asking only that they do the same for us.
Lyndon B. Johnson
These are not domestic concerns alone. For upon our achievement of greater vitality and strength here at home hang our fate and future in the world: our ability to sustain and supply the security of free men and nations, our ability to command their respect for our leadership, our ability to expand our trade without threat to our balance of payments, and our ability to adjust to the changing demands of cold war competition and challenge. We shall be judged more by what we do at home than by what we preach abroad. Nothing we could do to help the developing countries would help them half as much as a booming U.S. economy. And nothing our opponents could do to encourage their own ambitions would encourage them half as much as a chronic lagging U.S. economy. These domestic tasks do not divert energy from our security - they provide the very foundation for freedom's survival and success.
John F. Kennedy
Ceta, the EU-Canada free trade deal, should be rejected. It is a treaty which belongs to another age. This strictly commercial treaty contains absolutely no restrictive measures concerning fiscal or climate issues. It does, however, contain a considerable reference to the "protection of investors”. This enables multinationals to sue states under private arbitration courts, bypassing the public tribunals available to one and all. The legal supervision proposed is clearly inadequate, in particular concerning the key question of the remuneration of the arbitrators-cum-referees and will lead to all sorts of abuses. At the very time when American legal imperialism is gaining in strength and imposing its rules and its dues on our companies, this decline in public justice is an aberration. The priority, on the contrary, should be the construction of strong public authorities, with the creation of a prosecutor, including a European state prosecutor, capable of enforcing their decisions.
Thomas Piketty
