Kash at Angry Bear has an interesting post on free trade. He puts forth 7 observations, and then comes to this conclusion:
So now to the real question: Why do economists like me, who profess to care about individuals, continue to think international trade is generally a good thing? (Yes, I know I said I wasn’t going to get into this… but let me make just one point…)
Here’s the reason: The negative or positive impact of trade is ultimately an empirical question (see point #2 above), and the evidence I’ve seen in my years of researching this subject suggests that the negative effects are outweighed by the positive. Actually, to be more precise, the evidence I’ve seen mostly suggests that the effects of trade are pretty small in a country like the US. Some people win from trade, and some lose from trade (just as is the case with any new technology)… but overall, though the effects are small, trade seems to make life better for most people. Not just for corporations: for people.
Remembrance day
I’m commenting a bit late on President Bush’s speech from Veteran’s Day because I’ve decided that I can’t just let it go by. I found it bitterly sad that President Bush would choose that day, the day that marks the end of an incredibly bloody, completely unnecessary war started simply because people decided that having a war was better than not having a war to try to justify his own war of choice. For all the talk of bad intelligence and revisionist history, everybody who paid attention at the time knows that we invaded Iraq because the President desperately wanted to invade Iraq.
What did Senators know about Iraq before the war? Who cares. The truth is that getting authorization to invade Iraq was the President’s agenda, and many of the Senators who voted for the war did so because they feared the political repercussions of voting against it. They are to be blamed for their lack of courage, but it wasn’t they who thought that war was better than no war. And I think that’s how history will and should remember these past few years.
History teaches us that when a national leader wants his nation to go to war, there is generally very little that the citizenry and the rest of the government can do to stop them. The President chose war, we went to war, and everything else is just details.