Monday, February 22, 2010

Reality Check

Yesterday, published in "Daily Finance":

"You don't have to look hard to discern what many, if not most, Tea Partiers think of globalization: Their first plank is free market/limited government. So it's go, globalization, go!Further, Tea Partiers would no doubt be thrilled to see a simultaneous dismantling of the federal social safety net."

They went on to say that the globalization, which they claim is free markets, is responsible for our job losses.

Apparently the Daily Finance has no clue whatever as to what the Tea Partiers are saying. What's worse, they seemingly have no clue as to what a "free market" is. They are confusing "free market" with "free trade."

Yes, globalization is a major cause of job loss in America. But the fallacy of their claim is that globalization is somehow synonymous with free markets.

When tea partiers - and most sane Americans - refer to "free markets", they are referring to markets that are not constrained by government and by unions. Excessive government regulation, high taxes and union power has destroyed the ability of American business to compete fairly with those in China and India that are not hobbled in that way. So, Daily Finance, your so-called "free market" is not a ee market at all.

When Tea Partiers speak of free markets, they are saying they want free markets, but they want them to be FAIR. There is a huge difference betweeen FREE trade and FAIR trade. The Daily Finance should know that, but apparently do not. Our government already knows that, but does not care.

Americans want our American businesses to be able to compete on the world stage. In a truly free market, they could. But in a market where the cards are arbitrarily stacked against American business by our own government and by power-grabbing unions that drive costs sky-high, there is no such thing as a free market.

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