Free versus Fair Trade Slideshow

8/9/2019 Free versus Fair Trade Slideshow

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Tanner Washburn

Brother Brugger English 252 2/19/2010



American Way of life

Industries

Workers Fairness



Constitutional Principle

Result of Legislation ismore important than

its intent



Each of us has a natural right--fromGodtodefend his person, his liberty, and his

property--That to secure these rights,Governments are instituted among Men,deriving their just powers from the consent of the governed (Declaration of Independence).



If every person has the right to defend --even by force -- his person, his liberty, and his

property, then it follows that a group of menhave the right to organize and support acommon force to protect these rightsconstantly (The Law, 6).



Doesmy neighbor have a right to

Stopmy trade?

Taxmy trade Enforce regulation of my trade?



One of the greatmistakes is to judge policiesand programs by their intentions rather than

their results.



Interferences with international tradeappear innocuous; they can get the support

of people who are otherwise apprehensive of interference by government into economicaffairs;many a businessman even regardsthem as part of the American way of life; yet

there are few interferences which are capableof spreading so far and ultimately being sodestructive of free enterprise (Capitalism and Freedom, 57).



Will there be less jobs inAmerica if the steelindustry is not subsidized?



What defines fair trade?

There is no objective benchmark with which

tomeasure fair. All businesses are in favor of a freemarket

except for themselves.Of course, they wantit Fair.



A society that puts equality before freedom will get neither.A society that puts freedom

before equality will get a high degree of both.



From these we understand Free Trade Principles

Results



Bastiat, Frederic. The Law . Trans. Russell Dean. New York: The foundation forEconomic

Education, Inc., 1977. Benson, Ezra Taft. The Proper Rol e of Gov ernment . The EisenhowerAdministration ed., 1968.

Dougherty, Peter J. W hos A fr aid of Adam Smi t h? How t he Mark et Got Its Soul .New Jersey: John Wiley and Sons, Inc., 2002. Friedman, Milton. C a pi t al i sm and F r eed om. Chicago & London: The University of

Chicago Press, 1967. Friedman, Milton. Fair versus Free. Newsweek 4 July, 1977. Friedman, Milton. F r ee to C hoose. San Diego:A Harvest Book Harcourt Brace &

Company, 1980. Skousen, W. Cleon. The 5000 Year Lea p. NationalCenter forConstitutional

Studies, 1991. Smith,Adam. An Inqui ry i nto t he Natur e and C auses of t heW ealt h of Nat i ons. 1776. USConst., art. 1, sec. 8. US Declaration of Indep.

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Free versus Fair Trade Slideshow