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Muddled and Maddening

Bhagwati, Jagdish N.

Both parties, and both candidates, have backed actions against "unfair" trade. The 2004 Democratic platform promises that Sen. Kerry will create new jobs by fighting for "free, fair and balanced trade," whereas the White House Web site promises that "Free and fair trade helps create jobs by opening foreign markets to American exports." Both candidates ask for "level playing fields" or else tough retaliatory action -- pretending of course that the U.S. is on higher ground morally but on lower ground in the war for markets -- and that the other party is soft while it will act tough.

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Academic Units
Economics
Published Here
August 31, 2009

Notes

Wall Street Journal, September 13, 2004.

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