GLOBAL FREE TRADE: REALLY?

 

The idea of global free trade or that the global market place is an open free market place is a damn lie. This damnation is spread by the World Trade Organization, progressives, many of whom are closet capitalists, globalists, international conglomerate capitalists, so called free-traders, conservatives, RINO’s, business pundits, and most intellectual elites. The lie comes from deep in the elitist Washington, DC, globalist swamp.

A red and white background with the word globalization written in it.
There are at least 6 reasons that the idea of global free trade is a damn lie!

Global free trade does not exist when 1) countries refuse to allow any category of products made in the United States (US) into their country, and we allow the same category into our country; 2) countries impose high tariffs on any category of products imported into their country, and we impose tariffs that are a fraction of those imposed by so-called œtrading partners; 3) other countries subsidize production of categories of products, and we do not subsidize production of the same category of products; 4) other countries do not impose costly environmental, health, and safety regulations on energy and production facilities that are required in the US; 5) other countries tolerate theft of intellectual property for new or improved products from US businesses without paying for use of the intellectual property or imposition of penalties when these products enter US markets; and 6) other countries manipulate international money markets for their benefit. If the so called global free trade experts were honest, they could add to my list of real global free trade impediments. Whether or not the announced Trump Administration tariffs will be good for our economy and labor force in general, the argument that tariffs violate free market principles is void because global free trade does not exit. The argument is based on a lie. No true global free trade market exists.

The result of globalism, as now practiced, is global wealth redistribution. The $800 billion US trade deficit is global wealth redistribution. Virtually all of the so-called œFree Trade agreements involving the US constitute wealth redistribution since they result in trade deficits with the other countries involved. The reality is that the redistribution has cost the US labor force jobs, lost wages, and lowered benefits which were transferred to labor forces in developing countries.

In my opinion, most progressive policy initiatives are based on Marxist philosophy, especially wealth redistribution. Similarly, capitalists seek to expand markets and increase their profitability which requires decreasing costs and opening of new markets in developing countries or increasing income, especially disposable income, in new and existing markets resulting in increased customer purchasing power. Although the ultimate goal, increasing consumer or personal incomes and buying power, is the same for both progressives and capitalists, the method of accomplishing the goal is drastically different. Interestingly, globalism often unites progressives and capitalists when nationalism, protectionism, and tariffs are the subject of debate and discussions.

Unfortunately, US laborers have borne the brunt of the adverse effects of globalism, lost jobs lost opportunities, stagnant wages, and regional economic decline. Through factory relocations to the developing world, capitalists achieve their goal of reducing capital improvement and labor costs, and increased factory productivity. Progressive globalists achieve their goal of global wealth redistribution when new factory wages increase the standard of living, opportunity, and economic development in the regions where new facilities are opened.

Global free trade is a globalist myth. Until a global free market actually exists, the experts should stop insisting that tariffs will impede free trade. Global free trade does not exist. The œexperts should simply tell us that tariffs will increase costs and prices and are the same as taxes. However, if the threat of tariffs, force our so-called trading partners to open markets, reduce their own tariffs, end their subsidies, clean up their own environment, end intellectual property theft, and stop currency manipulation, then tariffs could start progress toward an unfettered global free trade where all the people of the world could move toward greater prosperity.

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