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21 Jun 07

The church of global free trade, which rules American politics with infallible pretensions, may have finally met its Martin Luther.
Ralph Gomory
6 more annotations...
- Horizon Project
- Hamilton Project
- China's industrial transformation is no longer about making shirts and shoes, as some free-trade cheerleaders still seem to believe. It is about capturing the most advanced processes and products.
- The firm's self-interested success "can constitute an actual loss of national income for the company's home country."
- We're making it person-to-person competition, which it never was before and which we cannot win.
- US companies are not only free of national supervision but actively encouraged to offshore production by government policy and tax breaks.

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