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Reply #35: Basically, it someone is in favor of these "free" trade agreements... [View All]

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brentspeak Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-25-08 10:46 AM
Response to Reply #31
35. Basically, it someone is in favor of these "free" trade agreements...
Edited on Fri Jan-25-08 10:58 AM by brentspeak
...then they are either a) highly gullible; or b) dishonest.

The cheap Chinese crap that's been flooding our ports saves American consumers maybe only a few pennies, if at that. Why? Because the savings of paying the slave-labor wages are not passed onto the consumer. Some Chinese worker is paid 40 cents/hour to make the crap; the piece of crap is then shipped over the United States; the piece of crap is then sold in a Toys R' Us or a Wal-Mart or a Best Buy at just a few pennies less than for what an American-made product would be priced at; the corporation which is selling the piece of crap makes off like bandits with a gigantic profit.

In other words, the "low Chinese wages = low prices for American consumers" argument is a flat-out lie.

BTW, can you explain just why anyone should give a rat's-behind what the majority of economists think on this matter -- or for any economic matter, for that matter? Their track-record is pretty dismal.

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