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McGovern LiberalsThe front page of
today's New York Times carries an appropriately skeptical dispatch on ethanol,
referring to "persistent doubts about its economic and environmental
benefits" and quoting an expert who describes it as "a program to help
farmers at the expense of another sector of the economy." The article even
refers to Archer Daniels Midland Company as "a major campaign contributor
to both parties" -- an improvement over the June 12 New York Times ethanol
report, which, as Smartertimes noted at the time (http://www.smartertimes.com/archive/2001/06/010612.html), identified ADM only
as "a major Republican contributor." UncompetitiveThe lead, front-page news story in today's (July 22nd) New York Times is a dispatch from the G-8 summit at Genoa, Italy. "Mr. Bush has countered the protesters by insisting that ever freer trade is the answer to the problems facing developing nations, though never once here has he explored the side effects on countries unable to compete with the richest nations," the Times reports. This sentence contains so many wrongheaded assumptions that it's hard to know where to start. Perhaps the most glaring is the phrase "unable to compete." Talk about your soft bigotry of low expectations. No country is inherently "unable to compete." Some may be saddled with oppressive governments and may lack natural resources, but it's overly pessimistic to write them off as "unable to compete." The juxtaposition with "the richest nations" makes it sound like the "unable to compete" nations the Times is talking about are the poor nations. But in fact, labor costs tend to be lower in these poor nations than they are in rich nations. So free trade means those poor nations will probably benefit as jobs move there from rich nations. The rich nations benefit, too, as their consumers can pay lower prices for goods made with lower labor costs. If anything, the "side effects" of free trade may be worse in those "richest nations," where there are some job losses as work moves overseas. Finally, how does the Times know that Mr. Bush has "never once" explored this question? Isn't it possible he did so privately and the newspaper just hasn't heard about it?
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