Trade: Key to Prosperity
Economic development requires participation in the international division of labor, writes Christopher Mayer.
Economic development requires participation in the international division of labor, writes Christopher Mayer.
Pat Buchanan, protectionist, now says that US trade sanctions are counterproductive and should be repealed. Yes, but so should all restrictions on trade.
According to the old "Global 2000" Report, the world was supposed to end in the next few weeks.
The violent protesters in Seattle, smashing windows and hating business, were anarchists of a certain type. Another anarchist tradition upholds private property as inviolable.
War and methodological empiricism are freedom's greatest enemies. Both must be soundly rejected to achieve the classical ideal of liberty.
At universities around the country, men's sports programs are being abolished--in compliance with federal law.
Only the developing countries had it right in Seattle: both the protestors and the leading delegates represent a threat to free trade and enterprise.
How a bi-partisan accord on Social Security is still costing American taxpayers to this day and will continue to do so in the coming years.
The protesters and the Clinton administration are demanding higher wages in the developing world, but this would be the kiss of death for economies around the world.
Created in the name of free trade, and even backed by some free traders, the World Trade Organization has become what its fine-print promised it would be: a vehicle for economic planning.