Here’s why a little protectionism is good for Canada

“The Trudeau government’s consistent theme is that we should embrace globalism and ignore protectionism and nationalism. It echoes the core message of the IMF and World Bank, and is very much de rigeur in the international Davos set. My experience is that few of these people have any contact with reality, and are isolated from simple economic truths by multi-generational fortunes which they had very little participation in creating, and their lives are mostly devoted to academic, artistic and philanthropic causes that their financial managers do their best to keep from rendering said family fortunes insolvent.”

Free Trade is a lie that has cost us all dearly, I drank the Kool-Aid but imbibe no more.

  • xavier

    Blazing catfur i’m deeply conflicted and support regulated free trade. This means that we trade with countries that are similar to us i.e. Europe Japan Australua New Zealand Singapore. As for othef countries we’ll trade with tgem but only if they met some targets like basic human rights rule of law reducing corruption. If not then trade is radically curtailed.
    ciuntries like China which cheat, i simply wouldn’t trade with them. The current economic problems are due to their exporting of thier economic mismanagemenr
    I’m a follower of the Acton institute. They make a cogent case for free trade as opposed to globalism.

    • I am inclined to agree with your position, and that is the issue, the deal we have been hoodwinked by have served only to benefit the predator class.

      • xavier

        So what do we do? Toss the bad trade deals? Impose tariffs that effectively close off trade to the cheaters?

    • glasnost

      Agreed. For countries like China, even if they didn’t willingly “cheat” on the provisions of trade agreement, they have a built-in cheat-factor in their low standard of living allowing cheap labour costs. Our standard of living costs money and for every job that’s sent to China the money has to be replaced by someone else paying taxes.

      • xavier

        Not much cheap but corruptedly misallocated. Shanghai and the costal cities cost as much as Europe but interior China is super cheap and as empty as Siberia

        • tom_billesley

          The People’s Liberation Army still has political prisoners in slave labour camps working in industrial plants. Can’t get much cheaper than that.

    • The road to prosperity is well known. All one must do is look at the West and the Asian tigers. Trade is part of the process.

      But as some level each participant must watch out for their own best interests. The minute government allows the “best interests” of its citizens to be a secondary consideration, the bigger system begins to unravel.

  • tom_billesley

    Free trade is like holding the Olympic Games and letting each country decide whether its athletes will be tested for drugs or gender.

  • Gaylord Ponce

    Any country that adopts globalism is no longer a sovereign nation.

  • BillyHW

    Free trade should only be between countries that are equally developed.

    • kkruger71

      NAFTA was the first big free trade deal during my teen years. Even then my thoughts echoed what you are saying. I had no big issue with the U.S., but wondered aloud at the time why opening ourselves up for companies to set up in Mexico and pay the workers cents on the dollar comparatively was worth access to a market when the mass majority of the people couldn’t afford to buy our products anyway.
      In the intervening years, no one has really been able to sufficiently convince me that those basic facts don’t win out.

    • WalterBannon

      billy hits a home run

    • Alain

      There are problems even there the way it is done. For example under NAFTA we were forced to ship our logs to the US instead of processing them into lumber here which would then be shipped. There are plenty of other examples which to me does not equate to free trade.

  • moraywatson

    Free trade is a fiction, because it does not provide for free movement of labour. When the guy in Pennsylvania loses his job to someone in China, he is not able to move to China and compete for that employment.

  • barryjr

    I’m all for protectionism, if there is a Canadian resource or product available then it must be used in Canada before foreign goods may be used. Tell all foreign companies that want to do business here that they must open assembly and or sales buildings with Canadian employees . No foreign workers allowed if the unemployment rate is over 3% and any foreign worker here pays a flat rate income tax of 50% with wages equal to what a unionized Canadian worker receives. lastly if a country imposes tariffs on our goods place the exact same tariffs on their goods entering Canada.

    • tom_billesley

      A problem with migrant workers is that they send money to their home country. These remittances form 50% of the GDP of Somalia. That money is lost to the economy in which they work, not being used to pay for goods and services and sales taxes.

  • But protectionism in some small measure would build Canada up. That’s bad for Trudeau and his undying love for China.

    But I wouldn’t be surprised if someone explained Juche to Trudeau with hand-puppets and he took a liking to it.