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David McNally (professor)

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"Free trade" is a slogan used to attack practices designed by competitor economies to protect their own interests.
--
Chapter 2, Globalization - It's Not About Free Trade, p. 33

 
David McNally (professor)

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I was speaking out in Minnesota — my hometown, in fact — and a guy stood up in the audience, said, "Mr. Friedman, is there any free trade agreement you’d oppose?" I said, "No, absolutely not." I said, "You know what, sir? I wrote a column supporting the CAFTA, the Caribbean Free Trade initiative. I didn’t even know what was in it. I just knew two words: free trade."

 
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Britain and the US are not the homes of free trade; in fact, for a long time they were the most protectionist countries in the world. Not all countries have succeeded through protection and subsidies, but few have done so without them. For developing countries, free trade has a rarely been a matter of choice; it was often an imposition from outside, sometimes even through military power. Most of them did very poorly under free trade; they did much better when they used protection and subsidies. The best-performing economies have been those that opened up their economies selectively and gradually. Neo-liberal free-trade free-market policy claims to sacrifice equity for growth, but in fact it achieves neither; growth has slowed down in the past two and a half decades when markets were freed and borders opened.

 
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In the 1990's, a time of corporate capital's global ascendancy, the mildest restraints on its prerogatives have been peremptorily rejected. Automatically, under this designation, measures to protect national cultural industries, for example, have been ruled unacceptable infringements of "free trade".

 
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The MEChA slogan is "Por la Raza todo. Fuera de La Raza nada," which translates, "For the race, everything. Outside of the race, nothing." The MEChA slogan seems a conscious echo of the Fascist slogan of Mussolini: "Everything for the state, nothing outside the state, nothing above the state."

 
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Why, I say, that to tax the community for the advantage of a class is not protection; it is plunder, and I entirely disclaim it; but I ask you to protect the rights and interests of labour generally in the first place, by allowing no free imports from countries which meet you with countervailing duties; and, in the second place, with respect to agricultural produce, to compensate the soil for the burdens from which other classes are free by an equivalent duty. This is my view of what is called "protection."

 
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