"Free Trade or Fair Trade?" 

Japan ran trade surpluses year after year after year. Same with Germany. We're told trade U.S. deficits are just fantastic. When did you ever do badly when you had more money coming in than going out?

Fletcher is the man

Damned Buckle, Cane & Carriage Lobby!!! We still live under their thumb!

I wonder why no discussion of how tax/tariff were spent ever happened in these debates, or how industrial power especially US German Japan Russia ALL built their industrial powerhouse and skilled labor force under government protection/regulation/direction? When everyone was happy to discuss consumer surplus, why no one ever mentioned labor skill deficit, public fund deficit and social capital deficit? What is the deficit for public coffin when a skilled work lost his income and had to rely on welfare for 6 month? or some of unemployed workers turned into criminals, and the public had to pay 40,000 to put him in jail?

It would be best were government to be disintermediated from all trade.

Fair traid is very important as a matter of fact And thats The Truth as we'll because of course that course of of The matter of fact Man of business And thats The Truth of The matter of fact.

Very interesting debate

As for the transition training expense for the unemployed workers, who should bear the burden for that? Is it unfair to ask those who enjoyed the consumer surplus to chip in for this expense? How about the cost of deteriorating safety and education in high unemployed area? who should pay for the investment to reinvigorate these areas?

Sounded more and more like a debate of "Open relationship" vs "Marriage" under a roof. What the husband earns is known to wife, thus it benefits the wife. What the partner earns and buys isn't known or bound by respective partner. Thus, sharing of the household expenses may be problematic. The ables invest in foreign countries and do not pay tax, yet at the same time the foreigners come investing and own your property. So a potential problem is the richer gets richer and vice versa.

However, what if we promoted fair trade? In which we argue that in order to reduce tariffs and increase trade deals, that must be the same for other individual actors. This is because when everyone does high global tariffs, the global economy and the U.S.'s suffers. But, when there is globally unregulated trade this leads to global interdependence. In order to prevent global interdependence but also harming the global economy, we must do reciprocal trade deals to negotiate lower tariffs on both state actors.

So which one is the liberal/democrat and which one is the conservative/republican?

Stay safe please Sir of The matter of fact.

Ross Perot was right!!!

I have made the Ricardo and Smith argument for years now. This is a great discussion. In regards to dealing with the fallouts of bad trade policy I believe professional retraining, specialization, and secondary skill training should be shared between the employer and employed. New technology implementation and training is a producer/employer consideration and obviously an important one. It is important to remember, at least in my opinion that nearly all labor intensive I think the pair sharing the burden signals each party's desire to be as productive as possible which in the aggregate will help the economy. In a micro economic sense this pursuit of super efficient production is obviously mutually beneficial.

Ian destroyed that leftist . North Pole... Santa... HA HA HA HA !!!!

I remember when Free trade was introduced in our Country (Canada). Even though I did not have a degree in Economics I have said it would not work. It could only work if the whole world had the same laws on Environments, taxes, and Lifestyle. In all trades there are losers and winners. Since some could survive with a little as .50 cents an hour it was not hard to figure out that we would be the losers when dealing with the low wages countries unless we reduced Canadian life style equally to other countries with their corresponding substandard housing, and services. The government was quiet on the last part. The Globalists dream would become a Nightmare for the rest of us. Goods and Tariffs taxes are an EQUALIZER. In other words we would assess a competing product according to the Origin country by applying the right amount of taxes on it. This would protect, the Canadian market. For example at one point, 12 million cars and truck were made in Canada. Today were barely make more than 1.4 million Vehicles. In a normal year we buy about 1.2 million vehicles, and if Americans continue to close car plants we will be in a deficit. IF they do this we should counter by inviting Japanese and European Car making plants and put a corresponding tax on American vehicles to protect the new plants in Canada. We should do this with every product and ensure that all products are produced in Canada to the level of 50%.

The lady at the end of the video is so weird lol.

America should try autarchy, welfare of the people would soar.