Sunday, January 23, 2011

Free Trade and Democracy are Aribtrary words.

In our most primitive thoughts Democracy means something like if you have 3 people in a boat and two say lets go left and 1 says lets go right. The two override the 1 and the boat goes left.
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In real life in the governance of Nation states Democracy seldom works this way.
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Same thing with Free Trade. Everything from senior citizens in the United States ability or inability to buy their drugs from Canada, to China’s subsidization of industries , competing against non state subsidized industries in other countries, or the undervaluing of the Chinese currency to the US dollar point to arbitrariness of the term Free Trade.

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