America's Exit May Have Improved the TPP

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Aresen
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America's Exit May Have Improved the TPP

Post by Aresen » 14 Nov 2017, 19:36

America's Exit May Have Improved the Trans-Pacific Partnership, but Not for America

I am beginning to feel libertarians are ground zero of "The Perfect is the Enemy of The Good"

No, the TPP was not free trade, nor is TPP2.

However, a reduction of tariffs and quotas is an improvement over the current situation and the people of all the countries (including Canada) involved will benefit by and large.

Reading the comments, however, makes me feel that economic literacy is not much better among so-called libertarians who pretend to espouse free trade.
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JasonL
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Re: America's Exit May Have Improved the TPP

Post by JasonL » 14 Nov 2017, 22:09

It is sad. Part of the larger narrative of stupidity seeking to overthrow a generally effective consensus.

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thoreau
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Re: America's Exit May Have Improved the TPP

Post by thoreau » 15 Nov 2017, 14:11

Who's down with TPP?
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Aresen
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Re: America's Exit May Have Improved the TPP

Post by Aresen » 15 Nov 2017, 19:06

thoreau wrote:
15 Nov 2017, 14:11
Who's down with TPP?
Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam.
If Trump supporters wanted a tough guy, why did they elect such a whiny bitch? - Mo

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Eric the .5b
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Re: America's Exit May Have Improved the TPP

Post by Eric the .5b » 15 Nov 2017, 20:26

Don't we already have a thread for stupid shit said on H&R, when anyone bothers to look?
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Fin Fang Foom
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Re: America's Exit May Have Improved the TPP

Post by Fin Fang Foom » 15 Nov 2017, 20:30

Eric the .5b wrote:
15 Nov 2017, 20:26
Don't we already have a thread for stupid shit said on H&R, when anyone bothers to look?
This is for substantive discussion of articles and stuff at Reason.
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the innominate one
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Re: America's Exit May Have Improved the TPP

Post by the innominate one » 15 Nov 2017, 20:31

This is one thread in an entire forum dedicated to discussing Hit and Run posts here. Each thread in this forum is for a post from HnR.
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Eric the .5b
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Re: America's Exit May Have Improved the TPP

Post by Eric the .5b » 15 Nov 2017, 20:36

Fin Fang Foom wrote:
15 Nov 2017, 20:30
Eric the .5b wrote:
15 Nov 2017, 20:26
Don't we already have a thread for stupid shit said on H&R, when anyone bothers to look?
This is for substantive discussion of articles and stuff at Reason.
Right. I took Aresen's post to be about the stupid response there.
"Better that ten guilty persons escape than that one innocent suffer."
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Aresen
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Re: America's Exit May Have Improved the TPP

Post by Aresen » 16 Nov 2017, 11:54

Eric the .5b wrote:
15 Nov 2017, 20:36
Fin Fang Foom wrote:
15 Nov 2017, 20:30
Eric the .5b wrote:
15 Nov 2017, 20:26
Don't we already have a thread for stupid shit said on H&R, when anyone bothers to look?
This is for substantive discussion of articles and stuff at Reason.
Right. I took Aresen's post to be about the stupid response there.
A little bit guilty as charged. I did object to the stupid response, but I am also very interested in the subject of international trade.

I really think that the resurgence of Mercantilism is a huge (hyuge?) threat to the world economy. Trump's position on trade - it's only a fair deal if the US wins on all fronts - is infantile, but it has a large base of support in the USA. If it were limited to Trump and his fanbase, I'd say "Wait it out". Some of the people and organizations that really ought to know better (I'm looking at you, Boeing) are the worst abusers of the 'fair trade' mantra. The anti-trade ideology pervades the entire political spectrum, from the alt-right to the Bernistas.
If Trump supporters wanted a tough guy, why did they elect such a whiny bitch? - Mo

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Painboy
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Re: America's Exit May Have Improved the TPP

Post by Painboy » 16 Nov 2017, 12:46

Aresen wrote:
16 Nov 2017, 11:54
Eric the .5b wrote:
15 Nov 2017, 20:36
Fin Fang Foom wrote:
15 Nov 2017, 20:30
Eric the .5b wrote:
15 Nov 2017, 20:26
Don't we already have a thread for stupid shit said on H&R, when anyone bothers to look?
This is for substantive discussion of articles and stuff at Reason.
Right. I took Aresen's post to be about the stupid response there.
A little bit guilty as charged. I did object to the stupid response, but I am also very interested in the subject of international trade.

I really think that the resurgence of Mercantilism is a huge (hyuge?) threat to the world economy. Trump's position on trade - it's only a fair deal if the US wins on all fronts - is infantile, but it has a large base of support in the USA. If it were limited to Trump and his fanbase, I'd say "Wait it out". Some of the people and organizations that really ought to know better (I'm looking at you, Boeing) are the worst abusers of the 'fair trade' mantra. The anti-trade ideology pervades the entire political spectrum, from the alt-right to the Bernistas.
Free trade is always a hard sell. I think the US was lucky for awhile in that it dominated trade throughout the world for so long that it became kind of the default way of thinking since the US appeared to benefit the most from it. Occasionally people would bring up tariffs or the trade deficit but it usually only involved small policy shifts.

However, with so many manufacturing jobs leaving, as well as low level tech based customer service jobs, large parts of the country that had been gainfully employed took a noticible hit. So it's not surprising that free trade and globalization isn't seen in positive light anymore. It's also easier to show the "negatives;" lost jobs, factories relocating, foreigners buying up US companies. The positves are harder to see as the benefits are more dispersed and don't always spread evenly throughout the country. Throw in things like the locavore movement and the general distrust of large companies and free trade has a lot fewer friends than it used to.

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