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Replies to #4714 on The board room
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wall_rus

01/31/09 10:55 AM

#4715 RE: wall_rus #4714

"Under free trade the trader is the master and the producer the slave. Protection is but the law of nature, the law of self-preservation, of self-development, of securing the highest and best destiny of the race of man. [It is said] that protection is immoral…. Why, if protection builds up and elevates 63,000,000 [the U.S. population] of people, the influence of those 63,000,000 of people elevates the rest of the world. We cannot take a step in the pathway of progress without benefitting mankind everywhere. Well, they say, ‘Buy where you can buy the cheapest'…. Of course, that applies to labor as to everything else. Let me give you a maxim that is a thousand times better than that, and it is the protection maxim: ‘Buy where you can pay the easiest.' And that spot of earth is where labor wins its highest rewards."

President William McKinley
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n4807g

01/31/09 11:21 AM

#4726 RE: wall_rus #4714

How does that article relate to free trade in the USA? I'm sure I can find studies that can show how free trade has improved peoples lives in impoverished nations. We've had cotton subsidies for decades and the textile industry has enjoyed protection in the US for decades. What has it accomplished?