Tuesday, August 14, 2007

Various Voices of Anti-Globalist Economics

"In the science of economics, theory and practice are virtually divorced from one another - to the detriment of both. Economists condemn practical men as mere followers of routine who fail to appreciate either or the grandeur of the doctrines enuciated by economists. Practical men, on the other hand, regard economists as mere doctrinaires who ignore the facts of life and inhabit a dream world of economic theories that exists only in their imagination."
- Friedrich List,
The Natural System of Political Economy,1837

"Free Trade definitely kept prices low - but so did the Great Depression."
- Ravi Batra

"To allow the market mechanism to be the sole director of the fate of human beings and their natural environment, indeed, even of the amount and use of purchasing power, would result in the demolition of society."
-Karl Polanyi

"In every country it always is and must be the interest of the great body of the people to buy whatever they want of those who want to sell it cheapest. The proposition is so very manifest, that it seems ridiculous to take any pains to prove it; nor could it have ever been called into question, had not the interested sophistry of merchants and manufacturers confounded the common sense of mankind."

"...capital employed in the home trade, it has already been shown, puts in motion a greater quantity of domestic industry and gives revenue and employment to a greater number of the inhabitants of the country, than equal capital employed in the foreign trade of consumption."
-Adam Smith

"Today, the transnational corporation has virtually no allegiance except to its own global expansion and profit. What brings financial value to the shareholders is the only criterion even if jobs are destroyed and whole communities devastated."
-Jerry Brown

"...trade agreements are crafted to enable corporations to play this game at a global level, to pit country against country in a race to see who can set the lowest wage levels, the lowest environmental standards, the lowest consumer safety standards. It is a tragic "incentives" lure that has its winners and losers determined before it gets underway:workers, consumers, and communities in all countries lose;short-term profits soar and big business - wins."
-Ralph Nader

"Free Trade is the religion of our age. With its heaven as the planetary economy, free trade comes complete with philosophical and analytical underpinnings. Higher mathematics are used to prove its basic theorems........Rather than promoting and sustaining the social relationships that create a vibrant community, the free trade theology relies on a narrow definition of efficiency to guide our conduct."
-David Morris

"Thank God I am not a Free Trader!"
-Theodore Roosevelt

"The global economy has become the world's closet dictator."

"Both enterprises and entire states see themselves trapped in a situation of relentless competition, where each particpant is dependent on the decisions of all other players. What falls by the wayside in this hurly-burly is the possibility for self-determination."
-Wolfgang Sachs

"We will not bind you to America. If you(US corporations) wish to shut down here and go to China - go to China! But your products will not re-enter the United States duty-free. They will carry a tariff to make up the difference between the cost of the Chinese labor you hired, and the cost of the American labor that you left behind."
-Pat Buchanan

"What in the hell are we waiting for?!? The time was YESTERDAY to fix bayonets and totally gut these bastards."

1 comment:

Anonymous said...

If you're citing Adam Smith as an anti-free-trader, then you have either not read or not understood the man's work.