The West Wing was for several years a fabulous television show about a Democrat White House. Yes I know Im a conservative and I wasnt supposed to like it. But great writing is great writing and Aaron Sorkin can seriously write. (He doesnt bat 1.000 but here he was stellar.)
For anyone who missed it - go watch the first three seasons. Youll thoroughly enjoy it.
The show not only had great dialogue it sometimes made outstanding political and policy points. Like when White House Communications Director Toby Ziegler (Richard Schiff) mocked anti-free trade college students then delivered us the following:
You want the benefits of free trade? Food is cheaper….
Food is cheaper clothes are cheaper steel is cheaper cars are cheaper phone service
is cheaper….
It lowers prices it raises income….
Free trade stops wars. And thats it. Free trade stops wars. And we figure out a way to fix the rest.
All of which is indubitably true. Which brings us to the latest global trade deal possibility.
Chinas Xi Wins EU Pledge to Consider Free-Trade Deal
The West may not be on the verge of war with China - but there is certainly some tension there that free trade would help diffuse.
The 28-nation E(uropean) U(nion) committed for the first time to opening talks on a free-trade accord (FTA) if current negotiations on an investment agreement to improve business ties are successful….
Talk of a free-trade deal which would create a market of almost 2 billion people seemed unthinkable just a year ago when Brussels prepared to levy punitive import duties on billions of dollars of Chinese solar panels setting off the biggest ever trade dispute between the two partners.
Trade barrier protectionism - never a good idea.
Heres a contender for worst headline of the week:
EU-US Free-Trade Pact Could Hit Developing Countries
But of course free trade isnt the problem.
Trade barriers could potentially harm poor countries access to rich countries markets. Some of these countries worry about a planned free-trade zone between the US and the EU which they fear will shut them out.
Trade barriers are the problem. And look - Toby Ziegler was right.
By creating the largest free-trade zone with 800 million consumers world per capita income is expected to rise by more than 3 percent….
That is a statistical average that would however have very different regional effects Thiess Petersen of the Bertelsmann Foundation said. The US and Europe would benefit greatly. But there would be drawbacks for the rest of the world."
Get that? The two parties freely trading benefit - the ones that arent dont. So get rid of the trade barriers.
If the transatlantic trade agreement only eliminated customs duties the impact on transatlantic trade relations would be relatively small because duties in most regions are already very low.
The second variant would thus make more sense: reducing not only tariffs but also so-called non-tariff barriers to trade.
Yes please.
Our terrible domestic Farm Law - chock full of protectionism - has been transmogrified by global market growth into terrible trade policy. As other farm-exporting nations have gone Big Protectionism in response to ours. The solution?
Negotiate a global across-the-board reduction in government.
This is where the World Trade Organization usually a colossal waste of space can actually be of some good use….
The worlds crop-producing nations need to sit down together each with a copy of everyone elses lists of protectionist policies. And start horse trading.
Brazil how about if you get rid of this subsidy well each get rid of one."
Mexico if you get rid of this tariff well each get rid of one."
Let the subsequent discussions ensue. Lather rinse repeat.
It looks like trade markets are being freed up all over the globe. We should join in as much as possible - including working to pull down the worlds farm market walls.
So that when our perpetually heinous Farm Bill expires five years hence we can write a far better one.
Or maybe we wont need to write another one at all.
The West Wing was for several years a fabulous television show about a Democrat White House. Yes I know Im a conservative and I wasnt supposed to like it. But great writing is great writing and Aaron Sorkin can seriously write. (He doesnt bat 1.000 but here he was stellar.)
For anyone who missed it - go watch the first three seasons. Youll thoroughly enjoy it.
The show not only had great dialogue it sometimes made outstanding political and policy points. Like when White House Communications Director Toby Ziegler (Richard Schiff) mocked anti-free trade college students then delivered us the following:
You want the benefits of free trade? Food is cheaper….
Food is cheaper clothes are cheaper steel is cheaper cars are cheaper phone service
is cheaper….
It lowers prices it raises income….
Free trade stops wars. And thats it. Free trade stops wars. And we figure out a way to fix the rest.
All of which is indubitably true. Which brings us to the latest global trade deal possibility.
Chinas Xi Wins EU Pledge to Consider Free-Trade Deal
The West may not be on the verge of war with China - but there is certainly some tension there that free trade would help diffuse.
The 28-nation E(uropean) U(nion) committed for the first time to opening talks on a free-trade accord (FTA) if current negotiations on an investment agreement to improve business ties are successful….
Talk of a free-trade deal which would create a market of almost 2 billion people seemed unthinkable just a year ago when Brussels prepared to levy punitive import duties on billions of dollars of Chinese solar panels setting off the biggest ever trade dispute between the two partners.
Trade barrier protectionism - never a good idea.
Heres a contender for worst headline of the week:
EU-US Free-Trade Pact Could Hit Developing Countries
But of course free trade isnt the problem.
Trade barriers could potentially harm poor countries access to rich countries markets. Some of these countries worry about a planned free-trade zone between the US and the EU which they fear will shut them out.
Trade barriers are the problem. And look - Toby Ziegler was right.
By creating the largest free-trade zone with 800 million consumers world per capita income is expected to rise by more than 3 percent….
That is a statistical average that would however have very different regional effects Thiess Petersen of the Bertelsmann Foundation said. The US and Europe would benefit greatly. But there would be drawbacks for the rest of the world."
Get that? The two parties freely trading benefit - the ones that arent dont. So get rid of the trade barriers.
If the transatlantic trade agreement only eliminated customs duties the impact on transatlantic trade relations would be relatively small because duties in most regions are already very low.
The second variant would thus make more sense: reducing not only tariffs but also so-called non-tariff barriers to trade.
Yes please.
Our terrible domestic Farm Law - chock full of protectionism - has been transmogrified by global market growth into terrible trade policy. As other farm-exporting nations have gone Big Protectionism in response to ours. The solution?
Negotiate a global across-the-board reduction in government.
This is where the World Trade Organization usually a colossal waste of space can actually be of some good use….
The worlds crop-producing nations need to sit down together each with a copy of everyone elses lists of protectionist policies. And start horse trading.
Brazil how about if you get rid of this subsidy well each get rid of one."
Mexico if you get rid of this tariff well each get rid of one."
Let the subsequent discussions ensue. Lather rinse repeat.
It looks like trade markets are being freed up all over the globe. We should join in as much as possible - including working to pull down the worlds farm market walls.
So that when our perpetually heinous Farm Bill expires five years hence we can write a far better one.
Or maybe we wont need to write another one at all.