Much has been said this week about the great advantages of free trade but it really is not free to anyone.
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Free trade is a product of the doctrine of the United Nations and the theory is simple.
The countries with plenty of raw materials are encouraged to sell this raw product to countries with cheap labour to make goods to sell back to the countries who sold the raw materials to them in the first place.
The fact that these third world countries depend on cheap labour of cottage industries and slave labour from gaols where democracy as we know it doesn’t exist , is diametrically opposed to our high standard of living in Australia.
We are close to Asia and we will naturally buy back processed goods made from our alumina, our coal and our iron ore.
In the 90s America moved 400 factories to Mexico, their poor southern neighbour under the system called Nafter (North American Free Trade Agreement).
Mexico now sells white goods and the like back to America.
America was the world’s richest nation but now is the world’s greatest debtor nation.
America now borrows billions of dollars a month to keep afloat.
Mr Abott and Mr Hockey talk about creating jobs and creating wealth with new factories springing up everywhere.
It won’t happen...
What business man would borrow money to start a new company when they are competing with people who are prepared to work for a bowl of rice?
That is why thousands of our factories have gone off shore to obtain cheap labour.
Australians had better wake up and take a new tack or we will be the white trash of Asia.
Anyone care for a bowl of rice?
Bevan O’Regan
Narrabri