A Quote by David E. Bonior

We're told we need this trade deal to open up vast markets to American goods, ... But the reality is that most Chinese workers cannot afford to buy the goods that even they make.
Americans were happy to buy vast quantities of relatively inexpensive Chinese manufactured goods, demand for which provided jobs for the tens of millions of Chinese who moved from poor agricultural areas to new or rapidly expanding cities.
Most trade agreements arise from a desire to liberalise trade - making it easier to sell goods and services into one another's markets. Brexit will not.
Through trade reforms, Latin American countries can boost their competitiveness in markets for goods and services.
We need to fight protectionism with everything that we have because when there's a level playing field and when you have open markets and when free trade is flourishing, American workers, American farmers, Americans are going to benefit.
Trump stood up to the failed Biden trade doctrine that filled our shelves with Chinese goods and loaded our ships with American jobs headed overseas.
Businesses just want to increase their profits; it's up to the government to make sure they distribute enough of those profits so workers have the money to buy the goods they produce. It's no mystery - the less poverty, the more commerce. The most important investment we can make is in human resources.
Markets do not run better when manufacturing shifts to China largely because of the actions of its government. Nor do they become more efficient when Chinese companies are given special privileges in global markets, while American companies must struggle to compete with unfairly traded goods.
We want to help U.S. entrepreneurs, small business owners, and brands and companies of all sizes sell their goods to the growing Chinese consumer class. Chinese consumers will get to buy the American products they want. This, in turn, will help create American jobs and increase U.S. exports.
I think that markets classically fail in cases where there are public goods that provide benefits that people cannot capture. The big debate is how big these public goods are, where they exist, things of that sort.
Markets work well with goods that economists call private goods.
To open up new markets and create American jobs, we need to make global bilateral free trade agreements a priority as they were under the Clinton administration.
The single most significant change has been the globalization of labor markets. Product markets - trade in goods - have been globalizing for years. But now, with the reduction in communication expenses and the building of all sorts of IT infrastructure, essentially any job can be done almost anywhere.
I had always been interested in markets - specifically, the theory that in financial markets, goods will trade at a fair value only when everyone has access to the same information.
What we're talking about is the price of goods, all goods, in terms of money. That has nothing to do with unemployment, except for the fact that you get fewer goods. And when you have more money and fewer goods, the amount of dollars per good goes up. It goes up because there are fewer goods and it goes up because there is more money.
Nobody is making Americans buy Chinese goods.
Of course, most luxury goods in China are for corrupted officials and their relatives. And that made China become the biggest luxury-goods market. In this kind of dictatorship, in this kind of totalitarian society, it is easy to make deals that you cannot make in a democratic society.
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