February 29, 2008
A Vulture's Bonanza
Protectionism can be a good thing. Protectionism, in fact, is the only way that a developing country can become developed. And, I daresay, it's the only way an industrial country like the U.S. can retain its industrial base and high standard of living in the face of wage arbitrage by large corporations that offshore their operations. Moreover, if, as Dr. Ha-Joon Chang argues, a rational high culture results from industrialization (and not the opposite, as is often wrongly — and racially — assumed) then logically the kind of de-industrialization we're experiencing in the U.S. should corrupt our culture. And that is exactly what I think is happening. Even by design nothing could better suit the vulture capitalist class and their lackeys. For the ammunition you'll need to defeat neo-liberal "free trade" arguments please read Ha-Joon's splendid book, Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism. Total runtime here an hour and eleven minutes. Listen and think critically for yourself.