bootlegga bootlegga:
The 'Buy American' clause has been watered down by the Senate, and assuming ot passes in Congress, will not affect Canada too drastically. Still, cutting trade with other countries was a factor in the severity of the Depression in the 30s.
According to several people here (not me), the Navistar deal is good because we save a few bucks and they get new trucks a bit faster than if we had retooled the factor
I think you've bought into ruling class propaganda a bit much here comrade... Protectionism would be bad for a capitalist economy - but not for a transition to a socialist economy, which is what is happening south of the border.
Well, now that we're in the middle of another depression scenario, we can judge for ourselves. Global trade is already collapsing. Japan, for example, which is an export-led economy, is now pretty much in Depression. It's manufacturing output has almost completely collapsed.
The global economy is already unravelling.
We need to be awake to the tricks of the Globalisers who will try and use "Protectionism" to distract from their own failure. They were the ones who freed up the capital markets and gave the multinationals the freedom to hold entire nations to ransom and threaten to shift good jobs abroad.
Protectionism is about governments reasserting control.