Financial Times FT.com

Free trade was never in the building to begin with

By Ben Zipperer

Published: November 13 2006 02:00 | Last updated: November 13 2006 02:00

From Mr Ben Zipperer.

Sir, Jacob Weisberg astutely points out that some US politicians exploit xenophobia and nationalism to stymie trade deals ("Free trade is the real election casualty", November 9).

But it is difficult to take seriously the claim that with the Democrats' recent electoral success "free trade has definitely left the building".

Both Republicans and Democrats are notorious protectionists. There is broad, bipartisan support for copyright protections on pharmaceuticals, software and entertainment, and immigration restrictions for doctors, lawyers and other professionals.

The North American Free Trade Agreement, the Central American Free Trade Agreement and other policies Mr Weisberg associates with "open trade" often strengthen these protectionist regimes, even though liberalising them would yield gains to consumers that swamped thepromised benefits of standard trade deals.

Free trade was never in the building to begin with.

Ben Zipperer,

Research Associate,

Center for Economic and Policy Research,

Washington, DC 20010, US

More in this section

Breach of rights of Muslims is not ‘clear’ at all, in fact

Do we face another bout of regulatory failure?

Prick leaves and commodity analyses

Centrica salesman’s xenophobic retail marketing script

We will cope just fine without the business quangos

Banks raise risky holdings under the eyes of supervisors

Hell is sitting on cushions, pressing buttons all day

Where CoCos can come unstuck

Focus on earthy conditions in India instead

The world just accelerated eastwards

US unlikely to be able to collaborate with China on world stage

Jobs and classifieds

Jobs

Search
Type your search criteria below:

Executive Director

Harvard Shanghai Center

Chief Executive Officer

Financial Services Group

Senior Business Development Manager

Leading Financial Services Business

Recruiters

FT.com can deliver talented individuals across all industries around the world

Post a job now