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The New Smoots OR Silicon is the New Steel

Started by TLF · 10 months ago

2 comments

  • Tim Lee

    1 year ago

    Cord, I agree. One thing to keep in mind, though: some of these agreements are loaded up with provisions that have nothing to do with lowering trade barriers. For example, we had Gwen Hinze on the podcast last summer to talk about the copyright-related provisions of the Korean agreement, which required Korea to make various changes to its domestic copyright laws that benefit Hollywood at the expense of Korean consumers. I don't think this is a reason to reject the FTAs, but I do wish more free traders would be more vocal about objecting to this kind of rent-seeking. Building momentum for free trade is hard enough without alienating potential allies over unrelated issues like copyright law.
    reply
  • cordblomquist

    1 year ago

    Tim, you're right. Basically, Free Trade Agreements should be just that. Right now, they're sorta free trade agreements, which isn't that great. It's a bit of two steps forward and one step back, but at least we're moving in the right direction.
    reply

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