In the first podcast on Unilateral Free Trade we discussed the fact that the purpose of life is consumption, that pro-producer policies are anti-national because they cause injury to all consumers. We discussed Jean Baptiste Say's Law of Markets which says that all non-competitors stand to gain if anything is sold; and we also discussed the fallacies in the "doctrine of reciprocity," by which governments, politicians and diplomats interfere in international trade – only to wreck it, as with Kamal Nutt.
Yet, there were readers who were unconvinced. And their basic fear is that unilateral free trade means a "law of the jungle" in which only the fittest will survive. It is this misconception that I will address in this podcast, entitled "Unilateral Free Trade Part 2."
Hope you enjoy it.
To download "Unilateral Free Trade Part 2" click here.
Heard it on my morning walk. Dropped by (as I read the blog through a RSS feed) to say a thanks. Lovely.
ReplyDeleteI've enjoyed reading all of your posts so far but I have a question: If you advocate the survival of the fittest policy, why are you against the concept of a governing and law-making State which has been established by more powerful persons thereby conforming to the survival of the fittest policy?
ReplyDeleteSalil: If you hear the second podcast on unilateral free trade you will understand the Law of Association, which allows even second-best, third-best and fourth-best to survive very easily in the free market, with free international trade.
ReplyDeleteIt is indeed true that governments are peopled by the strong, which is why we need the Rule of Law so that the strong cannot plunder the weak. That, indeed, is the purpose of any Constitution. We in India did not think of such things when we adopted a socialist constitution that allows the State to plunder one and all.