SEARCH BLOG: FREE TRADE
Free trade is a hot issue. There are some who hold the principles of free trade above all else. There are others who try to define an alternative called fair trade. There are others who believe the principles of free trade are to be sought in practice, but are cognizant of the manipulation that can and does occur resulting in significant imbalances that can be detrimental to one side of a "free trade" relationship.
See, General Motors is profitable because it produces cars in China. See, Microsoft makes money because it has Chinese operations.
It also ignores the full accounting of the national costs of such trade.
Pogo was right.