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Has free trade turned the USA into a 3rd world country?


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  #6  
Old 07-20-2009, 09:45 AM
Joel Joel is offline
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Default Has free trade turned the USA into a 3rd world country?

Not yet, we still make a few high-tech stuff like drugs and computers.
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  #7  
Old 07-20-2009, 09:45 AM
Englo Englo is offline
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Default Has free trade turned the USA into a 3rd world country?

One more contender for today's most ridiculous question. Free trade has dramatically INcreased the U.S. standard of living, as it has done for every other country that engages in free trade. There is not a single informed economist, liberal or conservative, who disagrees with that.
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Old 07-20-2009, 09:45 AM
Ideal Ideal is offline
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Default Has free trade turned the USA into a 3rd world country?

no , but the way things are going i wouldnt be surprised
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Old 07-20-2009, 09:45 AM
Flory Flory is offline
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Default Has free trade turned the USA into a 3rd world country?

We aren't a 3rd world country, not by a long shot. We're not even 2nd world, we're #1 baby.
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Old 07-20-2009, 09:45 AM
b2b b2b is offline
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Default Has free trade turned the USA into a 3rd world country?

Very interesting question... I agree with you from the labor cost point of view... Our labor cost is way too expensive to be price competitive.... Someone said that we export technology from MS and Apple, but most if the product is assembled somewhere else (China, etc.) Our product is not competitive because of the labor cost, cost to run production, taxes, power, etc. However without free trade the services, product quality, and price would go up (and cause even more higher prices and essentially higher labor rates) so it a vicious circle... We must become more competitive in terms of labor in order to compete... Good news - we are more cooperative than Western Europe already, so give it some time...
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