The further a society drifts from the truth, the more it will hate those who speak it. ... In a time of deceit, telling the truth is a revolutionary act. George Orwell

Monday, October 12, 2015

Off topic: TPP - triumph of bureaucracy over international trade

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Proponents of "managed" economy are having a field day! Interesting summary of what our governments have in secrecy concocted may be found in the following article.

The Trans-Pacific Partnership - Statist Aggrandizement Posing As Free Trade, by Carmen Elena Dorobat, October 10, 2015

Quotes:


Although the text has not been made available to the public, and will not be for the next four years to avoid opposition, the TPP is publicized as a tremendous boost in free trade for the signing countries, and thus for almost 40% of world trade. It is supposed to ‘promote’, ‘enhance’, and ‘support’ many things, from innovation to investment and development, and job creation. The language used, characteristic now of all such governmental agreements, is a clear indicator that the TPP is nothing more than additional thousand(s) of pages of new trade regulations, with a sprinkling of tariff reductions that will benefit some industries and companies, and hurt others.
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This illustrates what Ludwig von Mises pointed out half a century ago: that the focus of these agreements has long shifted from trade liberalization (defined as removal of barriers) to trade regulation (or what we know today as "managed trade") and the promotion of special interests.
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As Rothbard amusingly wrote about the NAFTA myth,

The folks who have brought us NAFTA and presume to call it "free trade" are the same people who call government spending "investment," taxes "contributions," and raising taxes "deficit reduction." Let us not forget that the Communists, too, used to call their system "freedom."


BTW - Does it really exclude China? Are they kidding us?

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