Thursday, July 28, 2005
CAFTA a win for Capitalism,
CAFTA (Central American Free Trade Agreement) is a win for believers in Capitalism. Some people who don't understand how free trade works blast CAFTA for "taking away American jobs". Once you understand free trade, you see that claim as hogwash. If Costa Rica is free to send it's sugar to America to compete with America's sugar industry, then they (Costa Rica) will make money from their sugar supply. That will in turn create more wealth for Costa Ricans and therefore more freedom. Same will hold true for all Central Americans; there has never been a single case in all of this world's history where more freedom and prosperity turned out to be a bad thing.
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