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Diversity and self-reliance vs specialization and trade : Comments
By Gilbert Holmes, published 9/11/2010Beware the hidden costs in free trade.
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I wonder how many of the mining companies operating in WA that you enthuse about are actually multi-nationals.
Much of "free trade" actually means competition by local companies against multi-nationals.
The small banana grower in the Philippines probably sells his product to a multi-national, who then exports it around the world.
For free trade, read multi-national.
And if we keep importing everything, eventually we just become workforce fodder for faceless multi-nationals, and consumers of their products.
Continuous importation eventually means no identity.