Thursday, April 21, 2011

Effects of the Free Trade

In the long run, free trade negatively effects the US economy.  Because of the fact that big corporations are able to go over seas and charge the minimal price for their labor, they fully take advantage of that.  In a business sense it is kind of smart for an increase in personal profit, but it does not help our economy.  Instead of outsourcing with other countries the US could make their own accessories here and eventually help the economy.  For example, it could help with the unemployment rates here in America especially during our recession.  Even though it would mean that these big corporations would not profit as much, it would go more for the greater cause of not just them but the economy.  It would also help eventually because all the money that we spend on other countries to produce our products, if we manufactured our own products the money would eventually be, in a way, recycled to us because everyone pays taxes.  I think that we as the people should try harder to find more US made products.  Even if it is a lot more expensive, you are not only helping the economy, your purchase would probably last twice as long as another countries product.  Think about it.......

3 comments:

  1. That is so true, but people in America want to buy so many things, especially when they are cheap.
    They go for quantity than quality...And is it also the stores that causes this situation...
    When you go to stores, almost every product that is displayed is from another country..

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  2. This is true if we made our goods here it could help our economy and the people in our nation. But wait big corporations would not make as much money, not get those big bonus that means that would have to have morale’s. Oh that’s right they don’t have any, all they care about is that they have money and they’re making more money. This sounds like great idea but big corporations would never have wait what is that called oh yea a HEART.

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  3. I agree with you a 100%. If we didn't have free trade the U.S. would be in trouble. Because none of the stuff we have here is from the U.S. it is from other countries.

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