Tag Archives: Trade
International Trade: Plenty of Destruction, Not Enough Creative
“Creative destruction” is a common phrase used in economics. One simple example that’s in the news a lot lately, is the phenomenon of Amazon.com. Since it launched in 1994, countless small books stores have been put out of business, and at least one large chain, Borders, has closed. That’s the destruction part. The creative part is the locating of new distribution centers all over the country — Illinois has been trying to land one as this article gets posted. The benefit to consumers is that within minutes, customers can find the book (or whatever) they want online and have it …
The Debate: Free Trade, Fair Trade, Balanced Trade
Last time we heard from Illinoisans John Westberg and Steve Rauschenberger, two knowledgeable voices when it comes to the topic of manufacturing in the United States.
An article earlier this year by American Thinker’s Thomas Lifson titled, “Free Trade, Fair Trade, and Reality,” lays out his perspective on the free v. fair debate: President Donald Trump “has repeatedly stated that he wants ‘free trade’ that is also ‘fair trade,’” Lifson writes, “I am all for free trade, but it’s got to be fair.”
…Academic and political critics are quick to point out the oxymoronic nature of this
Seeking Solutions: John Westberg’s ‘New Hope for America’
Manufacturing and Trade as a ‘Moral Crisis’
Both as a candidate, and now as president, Donald Trump knows how to intensify attention on a topic. Since he launched his presidential campaign two years ago, manufacturing jobs and fair trade have been the focus of a massive debate on the political right.
Is this a topic for the Illinois Family Institute? Here are a few excerpts from an article by John Horvat II titled “Work without Men” that suggests it might well be. He writes that negotiating new trade arrangements, and lowering tax and regulatory burdens are all critical to bringing back jobs.
…Such measures will
