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Originally Posted by crucifissio
no but it makes you a gargantuan hypocrite...
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Agreed, but does it make my points wrong?
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for the 100th time paul it is not the 3rd world that does not buy enough 1st world goods, it is the 1st world that buys too much 3rd world goods...you can not make the poor buy more goods that you yourself will not buy this is ridiculous...you can not restrict free trade without harming your own exports and competitiveness...
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You contradict yourself here. The poor who produce all the goods the West buy will never buy the same value of goods back. Which is the result of free trade so harming the West's harming own exports and competitiveness. I'm arguing that the rich people in the Third World need to be pushed or forced into buying goods from the First to balance trade.
Unlike the miracle pill of free trade which is making most Westerners poorer.
I'm stating facts that are backed up by GDP growth, average incomes of the bottom 80%, etc. You seem to think they are wrong.
Serbia even with its low-wage workers still has a trade deficit of 10%. How much better would it be if Serbia could sell more. Might lower the debt which has doubled in a few years.
Or is best just to blame the player than admit the politicians have rigged the game to make themselves and their friends richer?