Thread: Trade Agreements; CRAPitalism at its best!

Trade Agreements; CRAPitalism at its best!

October 21, 2011 by ppjg
Marti Oakley (c) copyright 2011 All Rights reserved

In my humble opinion:

The ramming through Congress of three more economy busting trade agreements on Wednesday October 12th, 2011 should have the citizens of every state demanding their respective Senators and Representatives who voted to push these corporate agreements through, return home to face ejection from office and possible prosecution. These agreements will cost the US hundreds of thousands more much needed jobs and further reduce our wage base and standard of living. I have concluded that Congress knew exactly what they were doing, what the long term repercussions would be, then voted against our best interests. At the very least this is malfeasance of office.

Let’s Defund Congress

We can’t afford these people any longer. They obviously do not work for us; why should we have to pay them?

In light of this, I propose we defund Congress and refuse to pay their salaries, pay for their golden fleece health insurance, their golden parachute retirement plans and all the other perks they have voted for, for themselves. If they are going to work for corporate interests, let the corporations pay them. Apparently they already are. Additionally, we should rescind any power given them to write or agree to any legislation.

What I perceive in both houses of congress is a collection of people who have convinced themselves that by throwing their support behind these egregious assaults on the country as a whole on behalf of their coveted “stakeholdersâ€

In my opinion, we are being liquidated.

By definition Free Market Capitalism does not rely on trade agreements. Any trade " agreement" made between governments distorts and disrupts the free market economy. Even Adam Smith did not discount the need for protectionist policies relating to economic stability of countries in his still relevant work , An Inquiry into the Nature and Causes of the Wealth of Nations. Published 1776
Book 4 specifically addresses this issue.
In particular it is noted, that protectionist tariffs can directly serve the interests of a nation. Removal of such tariffs obviously have the opposite effect. Chapter 2 and 3 of book 4 address this issue.


Jefferson and Madison were familiar with it and there are letters making reference to it.
One of the greatest set of books I have ever read. Adam Smith was a genius far ahead of his time. After Smith , all others either regurgitated Smith or like John Maynard Keynes was a Smith wannabe who wished he would have been born 200 years earlier.
Smith had it right ,a free market economy , ie: capitalist economics, will always seek balance without external interference whether from government , outside nations or external economies. Micromanagement or macro-management from within will destroy the natural balance of said economy. It is a LAW as sure as the laws governing Physics. He recognized this and laid it out as sure as Newton did as regards to the laws of mathematics, motion and the basic laws of the universe.