Saturday, September 04, 2004

Stop whining. Start Importing.

U.S. Textile Makers To Seek Strict Limits On China Imports The quota system will soon be lifted, removing the (unfair) limits on the number of goods imported from our trading partners, including China. As with any economic policiy decision, there will be winners and losers. In life, the losers will always whine. Complaining is easier than adapting, yet the fact is that America established its independence on the basis of free trade and rose to greatness as an ardent support of economic liberalism and globalizaition. Jobs in the American textile industry will be lost, to be sure. But the cost of clothing, one of the most fundamental human needs, will fall almost immediately. And our partners and friends in the import trade will continue to make a tidy living...