The Star reported today (September 14, 2009) that the US, in response to a petition filed by the United Steelworkers Union, imposed a 35% duty on Chinese-made tyres.
If this isn't protectionist, what is. Is this the example that the leader of the "free world" sets when a specific sector loses some jobs? Who runs America - the people (consumers, public) or a special interest group (a union).
In a free market no such grouping should have the power to influence the government to dish out favours to a small group againnst the interest of the larger population.
But I guess we should be looking elswhere for examples of liberal free market trade policies.
Monday, September 14, 2009
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