We are already well down the road toward a managed-trade regime. It would be far better to acknowledge that reality, and seek a set of reasonable rules, than to pretend that Ricardian trade is the norm and allow mercantilist states to overwhelm U.S. industry and ratchet down wages, in the name of free trade.
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Chapter 3, Trade, p. 124Robert Kuttner
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The importance of international trade for economic development cannot be overemphasized. But free trade is not the best path to economic development. Trade helps economic development only when the country employs a mixture of protection and open trade, constantly adjusting it according to its changing needs and capabilities. Trade is simply too important for economic development to be left to free trade economists.
Ha-Joon Chang
We hear those in the national Congress running around and saying, 'Free trade, free trade, I am for free trade,' when they know free trade is like dry water. There is no such thing.
Ernest Hollings
Is that to say we are against Free Trade? No, we are for Free Trade, because by Free Trade all economical laws, with their most astounding contradictions, will act upon a larger scale, upon the territory of the whole earth; and because from the uniting of all these contradictions in a single group, where they will stand face to face, will result the struggle which will itself eventuate in the emancipation of the proletariat.
Karl Marx
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."
Thomas L. Friedman
I rise to oppose the Central American Free Trade Agreement, known as CAFTA, the latest expression of the disastrous trade policies of this administration which are, unfortunately, a continuation of the disastrous trade policies of previous administrations.
Russ Feingold
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