Unfortunately, everyone else down here seems to thinks it s beneath their dignity to deal with little people like Feitz. This appallingly arrogant attitude not only plays into the hands of anti-market forces it also reveals that the wrong people are in charge of defending the market. A reply to anti-free market propaganda. My response to Mr Stratchan s tirade masquerading as an economic argument. Demolishes point by point a protectionists assertions that free trade has raised employment and damaged agriculture.
Protectionists argue that free trade is destroying manufacturing.
Using Austrian analysis this article shows why that is wrong but draws conclusions that might surprise many. Destroys this protectionist's views on market processes and capital accumulation. Defending multinationals and foreign capital. Though not about free trade, it serves the purpose of demonstrating how ignorant of economics its critics really are. Defends the market against a protectionist and his interventionist ideas on capital flows and international financial crises.