Wednesday, November 25, 2009

High Human Cost of Low Prices?



Pressure to maintain low prices leads to unsafe working conditions in Chinese factories, says report. A group called "China Labor Watch" based in NY claims Wal-Mart inspectors are not doing much inspecting.

I don't know anything about the group, they could be funded by Target for all I know. But I do believe that Free Trade will only produce a net better life for all if practiced by free people who have similar regard for human life. A slave economy that treats workers as a disposable resource is going to be able to undersell the free people who value the individual. If the slave economy has enough humans to throw away, they can keep trading with the Free People until the slave Masters can buy the Free People out.

Tariffs on the products of unfree economies can be viewed as insurance premiums on economic security.

3 Comments:

Anonymous Mark Martin said...

Quote by Walter E. Williams:

"Imagine that you and I are in a row boat. I commit the stupid act of shooting a hole in my end of the boat. Would it be intelligent for you to respond by shooting a hole in your end of the boat?

Or, imagine I were a politician and told you that the Russian, Chinese, Korean, Brazilian and German governments were ripping off their citizens by, on the one hand, taxing them to provide subsidies to their domestic steel industries, and on the other, erecting tariff barriers forcing them to pay higher prices for products made with or containing steel.

Would you deem it responsible or intelligent of me to propose retaliatory tariff policy whereby Americans are ripped off until Russia, China, Korea, Brazilian and German governments stop ripping off their citizens?"

9:39 AM, November 25, 2009  
Anonymous Anonymous said...

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It agree, this remarkable opinion

6:49 PM, December 18, 2009  
Anonymous Anonymous said...

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8:22 AM, December 25, 2009  

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