Thursday, July 19, 2007
previous entry | main | next entry | TrackBack (0)
Clive Crook vs. economic populism
Clive Crook's Financial Times column today ($$) plows a familar road -- the Democratic turn towards economic populism: Whoever wins their party’s presidential nomination, the Democrats are preparing to fight the next election on a platform of left-leaning populism. The contrast with Bill Clinton is evident. He was a centrist, pro-trade, pro-enterprise president – an avowed “New Democrat”. The next Democratic occupant of the White House, if the candidates’ campaigns are to be believed, will be old-school.posted by Dan on 07.19.07 at 10:55 AM Comments: Like almost everyone else, Clive Crook leaves off the progressive agenda the one thing that can make the other improvements possible: re-unionization of American -- this time with the sector-wide/nation-wide bargaining setup they have in well fed-labor countries. Until the power is reset in the labor market -- which will automatically reset it in the political realm (David Broder says that when he started out 50 years ago, all the lobbyists in D.C. were union) the core cause of all the other inequalities will not have been removed. posted by: Denis Drew on 07.19.07 at 10:55 AM [permalink]I am of the impression that Clinton's campaign was of a much more populist vein; his governance was centrist to be sure, but after the initial two years brought disillusionment and failure. posted by: Nick Kaufman on 07.19.07 at 10:55 AM [permalink]I am of the impression that Clinton's campaign was of a much more populist vein; his governance was centrist to be sure, but after the initial two years brought disillusionment and failure. posted by: Nick Kaufman on 07.19.07 at 10:55 AM [permalink]
It is the GOP that is resisting all of those 'centrist' points: tax reform, universal health care, assistance for displaced workers.... FoxNews (Pravda-GOP) conflates universal health care with Terrorism all the time (using the Glasgow bombings and the NHS). John Boehner decries the estate tax as confiscatory. Yes, most Dems are now anti-free trade, but that is because the 'free trade' lobby is so rabid and ideological that there is no common ground with them. The free trade lobby goes crazy at the mention of even basic environmental and labor protections in FTAs. It balks at some form of redistribution to ensure that free trade's benefits accrue to more than just shareholders (or in the form of cheap Wal mart socks). So why should the Dems advance their agenda? The free trade agenda is dead for at least a decade or more, unless its advocates can come up with some sort of compromise that doesn't completely screw working-class people. The piece in the current FA is a start, but simply readjusting payroll taxes is not enough. posted by: SteveinVT on 07.19.07 at 10:55 AM [permalink] As my handle would suggest, I am generally in favor of free-trade, but with assurances that our trade partners respect the environment and workers rights to the same extent we do. Without these provisions, it's not really free trade. As a result, workers in both countries get screwed and we are basically paying other countries to pollute the air and water while we pat ourselves on the back for our wonderful environmental laws . As SteveinVT points out, many free trade advocates, including our esteemed blog host, are blissfully unaware of the costs of this "un-free" trade. I have given up trying to persuade him. But I appreciate the opportunity to discuss these issues with other bloggers. posted by: OpenBorderMan on 07.19.07 at 10:55 AM [permalink]Free trade is free regardless of the environmental trading practices of one's partners. That's just a definitional matter. But is it a good thing? That depends on four main considerations: How much foreign workers/consumers/citizens care about environment vs. other goods on the margin, how much we care about the well-being of foreigners, whether foreign pollution spills over onto our shores, and how much we gain from the greater efficiciency of specialized trade. These are not independent points--if, for example, foreigners would prefer more environmental protection than their government delivers but we don't care about them, then increases in polluting production abroad would be okay with us. My sense is that most of our foreign trading partners with weaker environmental regulations are reflecting the mainstream of their citizens' preferences--getting your first refrigerator is worth browner skies to a lot of people. Given that belief, and given our selfish reasons for pursuing a dynamic internatioanl division of labor, I don't see any reason to cram our rich-nation eco-tastes on our trading partners. The spillovers point should be addressed separately from the trade question; I don't think Chinese soot floating over North America is a good reason to impose tariffs on Chinese goods, if only because I don't think it would actually reduce the problem. posted by: srp on 07.19.07 at 10:55 AM [permalink]SRP, You seem to support my point without saying so. US workers do not have a free market in which to sell their labor. Chinese workers are even more constrained. Only the multinational businesses have anything close to a free market, although barriers still abound. A factory in Chicago must comply with US law, or close or move to Asia at considerable cost. The fact that so many of them do move is evidence of the advantage in doing business in a less eco-aware and worker-rights-aware country. Your point about the first refrigerator is well taken. But with global warming the number 1 environmental issue, and China being the number 1 greenhouse gas emiter, how can you say that it doesn't matter? posted by: OpenBorderMan on 07.19.07 at 10:55 AM [permalink]Post a Comment: |
|