Sunday, February 01, 2009

Sowell on Free Trade

Here's an article by Thomas Sowell on free trade. An excerpt:

Those who complain loudly about how many jobs have been “exported” to other countries because of international free trade totally ignore all the jobs that have been imported to the American economy because of that same free trade. Siemens alone employs tens of thousands of American workers, and Toyota has already produced its ten millionth car in the United States. Management guru Peter Drucker has said that this country imports far more jobs than it exports, and no one has contradicted him. Indeed, those who are loudest in denouncing the exporting of jobs totally ignore the importing of jobs.

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