- js reader version
- view hidden posts
- tags and related articles
by Alexander J. Finerman
Saturday, Apr. 26, 2003 at 1:46 PM
Palmer, a senior fellow at the Cato Institute, said anti-globalization activists are missing the bigger picture. By way of analogy, Palmer referred to Homer’s Odyssey saying that Homer is telling the reader that "the cyclops is a savage because he doesn’t trade. He lives in the preferred world of the anti-globalization activists."
Libertarian Links Free Trade to Freedom, Peace
By Alexander J. Finerman, The Harvard Crimson, April 23, 2003
Globalization “creates incentives for harmony and peace, which is about as good as we can do in this life,” Tom Palmer, a senior fellow at the Cato Institute, told a crowd of 50 that gathered yesterday for a discussion sponsored by the Harvard Libertarian Society.
Palmer laid out an argument in favor of globalization and free trade and addressed many of the criticisms leveled against it in his talk, which was also sponsored by the Institute for Humane Studies and the Cato Institute, two libertarian think tanks based near Washington, D.C. According to Palmer, globalization boils down to the question, “should the political border decide whether exchange should be blocked, or not?”
For Palmer, the answer is a definitive no. “Through trade, we can consume more than we can produce,” he said. Palmer rebutted arguments that globalization “exports” jobs to poor countries and promotes a “race to the bottom” where poor countries compete for capital by offering worse working conditions.
Foreign capital and plum manufacturing jobs do not go to the countries with the lowest wages, he said. Rather, investment travels to where labor productivity is high, and this is where wages are higher and workers happily give up part of their wages to pay for better working conditions. Eighty-one percent of American foreign direct investment goes to “starving Canada, desperately poor Japan and impoverished Western Europe,” he quipped.
Palmer also countered the argument yesterday that globalization is facilitating the global hegemony of American youth culture. Every generation thinks that the youth culture of its successors is venal, he said, adding that “Ralph Nader and Pat Buchanan should wake up and realize they are old.” Palmer also said that the notion of a cultural purity that must be preserved is “a myth,” and all cultures are a product of mixture, adopting and adapting.
For Palmer, anti-globalization activists are missing the bigger picture. Bolstering his argument with evidence from the Classics, Palmer read a passage out of Homer’s Odyssey and said that Homer is telling the reader that “the cyclops is a savage because he doesn’t trade.” “He lives in the preferred world of the anti-globalization activists,” he said.
Palmer used an anecdote about Mayan women in Guatemala to further illustrate his characterization of anti-globalization activists. “Foreign visitors were horrified” that the women in Guatemala were wearing contemporary dress instead of traditional dress, he said. When asked why the women chose not to wear the traditional clothes, their reply was that traditional clothes were too expensive. “For the first time in history,” he said, “the labor of an Indian woman has increased in value.”
It is better for the women to produce traditional clothes for sale abroad, from which they earn enough to buy five modern outfits and new things such as eyeglasses and medicine. “The group that has been worse off [from globalization],” he said, “are the poverty tourists.”
Palmer cited evidence to draw a correlation between openness to trade and freedom. He said that according to Freedom House statistics, 90 percent of those living in the top 40 percent of countries in terms of economic opennesswere classified as free, and not one was unfree. In the lowest quintile, however, fewer than 20 percent were rated as free, while over 50 percent were rated as unfree.“Every time you add more people engaging in exchange,” he said, “you create more incentives for peace.”
Report this post as:
LATEST COMMENTS ABOUT THIS ARTICLE
Listed below are the 10 latest comments of 5 posted about this article.
These comments are anonymously submitted by the website visitors.
|Free trade = freedom
||Saturday, Apr. 26, 2003 at 2:01 PM
|How a Libertarian would run the world...
||The Cato Institute
||Saturday, Apr. 26, 2003 at 3:00 PM
||Saturday, Apr. 26, 2003 at 4:02 PM
|Glow Ball -ization
||Saturday, Apr. 26, 2003 at 4:22 PM
|real free trade isn't what "they" want
||Saturday, Apr. 26, 2003 at 10:02 PM
Change Links September 2018 posted
More Scandals Rock Southern California Nuke Plant San Onofre
Site Outage Friday
Change Links August 2018
Setback for Developer of SC Farm Land
More problems at Shutdown San Onofre Nuke
Change Links 2018 July posted
More Pix: "Families Belong Together," Pasadena
"Families Belong Together" March, Pasadena
Short Report on the Families Belong Together Protest in Los Angeles
Summer 2018 National Immigrant Solidarity Network News Alert!
Watch the Debate: Excluded Candidates for Governor of California
Change Links June 2018 posted
The Montrose Peace Vigil at 12 Years
Unity Archive Project
Dianne Feinstein's Promotion of War, Secret Animal Abuse, Military Profiteering, Censorshi
CA Senate Bill 1303 would require an independent coroner rather than being part of police
Three years after OC snitch scandal, no charges filed against sheriffs deputies
California police agencies violate Brown Act (open meetings)
Insane Company Wants To Send Nuke Plant Waste To New Mexico
Change Links May 2018
Worker-Owned Car Wash on Vermont Closed
GUIDE TO REBEL CITY LOS ANGELES AVAILABLE
lausd whistle blower
More Local News...
100 Ways GOP Have Stolen Elections Since 1876
Proximospective de l'univocité réifiée
Trump & Palestine vs. Genesis, Rashi & The Land of Israel
The Criminality of the Elites
Business de l'inhumanitaire
Marriage Rape/Date Rape Highest Rapes
Women I Know Get Raped - Too Many Times To Count!
Women In USA Have Stockholm Syndrom
Shooting Drill's Are Political Actual Shootings
Dr. Ford's Father Works With CIA
Google Abuses: Worldwide Spying, Censorship, War Promotion, Spying On Children, Etc
Paraphysique de l'administration
Affordable Rents? A State of Emergency Intensifies
A Few Of Many Impeachable Acts by Trump Sessions And Others
Désengrammation, l'éloge de la suite
someone Should Work In Hollywood - Good Acting!
Ford Gives Psych Drugs To Lower Class To Shut Them Up?
Hilllary Calls Ford Trailer Trash?
Most Rapes Are In Marriages
Nice Boys Dirty Deeds
Minnesota 2nd Largest Rape State
Paraphysique de la plus-value
More Breaking News...