By N. Asbury
Neal Asbury argues that relocating clear of intransigent political ideologies and towards a global pushed by means of overseas trade permits us to deal with and actually clear up monetary instability, the destruction of our surroundings, crushing poverty, and crippling corruption all around the planet.
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Extra info for Conscientious Equity: An American Entrepreneur’s Solutions to the World’s Greatest Problems
Deficits debase our currency and drag down our standard of living. Forty years of Friedman-inspired deficits have resulted in average real wages today remaining substantially below the levels of the A Ship T hat Sailed L ong Ago 37 early 1970s. Despite the rise in the number of two-income households, median after-inflation family income has dropped. Evidence of lower incomes and living standards is particularly pronounced among younger workers, who are experiencing restricted opportunities for jobs, advancement, and income growth.
As we move forward, both positions pose considerable barriers to our achieving Conscientious Equity. The arguments posed by these polar positions have affected American entrepreneurialism in pendulum-like fashion throughout its history. 5 The scale of the tariffs—which averaged fifty percent—catalyzed a seismic divide between the industrial North, which sought a way to insure the market primacy of its products in America against attractively lowpriced European goods, and the agrarian South, which believed that European products were superior, needed the value they offered to build its own businesses, appreciated the luxury and comfort these products brought to their lives (as opposed to the hugely inferior and more expensive products coming from the North), and feared that foreign governments’ retaliatory measures against high tariffs would close off foreign markets for its agricultural products.
For years, Poland provided a welcome market for American exports. When it became part of the EU, however, giving European manufacturers access to its market at zero tariffs and implementing European product standards, we once again found ourselves on the wrong side of a free trade agreement. As the Polish market expanded dramatically for European entrepreneurs, our business remained essentially flat. The EU has made it a top priority to create the most favorable trade and investment climate for European companies in overseas markets.