Ron Paul – The Revolution: A Manifesto – Page 96 through Page 100

Page 96: Many supporters of a free market economy have viewed support for free trade agreements as an unnecesary surrendering of American sovereignty. In 1994 Newt Gingrich, who was for participation with the World Trade Organization, urged honesty in recongnizing that being a part of such an organization meant ceding some control over the American economy. Free trade does not require lengthy and complicated agreements between governments. Such agreements are in reality examples of managed economies, not free economies.

Quote: “True free trade does not require treaties or agreements between governments. On the contrary, true free trade occurs in the absence of government intervention in the free flow of goods across borders.”

Page 97: The World Trade Organization is not actually an organization created to lower tariffs. It was created to oversee the creation of tariffs when claims of dumping are reported. Trade organizations are political in nature. This takes economic decision making power out of the hands of everyday people and puts it in the hands of bureaucrats. Giving international associations significant influence over our tax and economic policies is a dangerous cession of American sovereignty. An illustrative example of this situation occured in 1984 when the WTO, acting on behalf of the European Union, declared that a particular tax break for American companies was, in reality, a subsidy.

Quote: “Government-managed trade is inherently political, meaning that politicians and bureaucrats determine who wins and loses in the marketplace.”

Quote: “What this meant, in plain English, was that higg-tax Europe, upset at lower-tax America, decided that the way to level the playing field was to force America to raise her taxes.”

Page 98: Pascal Lamy, former European Commisioner for Trade,  threatened a trade war on US imports if the US congress didn’t comply with the WTO and raise taxes on US corporations. Congress backed down and changed the tax code to comply with “international law”. It was predictable that entering the WTO would lead to a supression of US sovereignty over their own trade. Even so, many self-proclamied free traders supported entrance in the WTO as a pro-free trade measure. Free trade has been harmed by participation in the WTO. Trade wars still occur and our foreign competitors are able to influence the US legislative process to the harm of the American economy.

Quote (Congression Research Service report): “As a member of the WTO, the United States does commit to act in accordance with the rules of the multi-lateral body. It is legally obligated to insure that national laws do not conflict with WTO rules.”

Quote: “The WTO makes trade relations worse by providing our foreign competitors with a collective means to attack US trade interests.”

Page 99: The constitution gives congress alone the legal authority to tax and regulate trade. Neither congress nor the executive branch may delegate those powers to another entity. The founders never imagined nor gave consent to any such system. Foreign aid should be abolished altogether. It is immoral to take property from the American people and send it overseas to another government. This is especially true because the US government sends aid to very unsavory regimes. In addition, international aid has proven to be a complete failure for helping people in other countries.

Quote: “Our founders never intended for America to become entangled in global trade schemes, and they certainly never intended to have our domestic laws overridden by international bureaucrats.”

Quote: “Foreign aid, however pure the intentions that may have motivated it, has been a reactionary device by which truly loathsome leaders have been strengthened and kept in power.”

Page 100: Peter Bauer of the London School of Economics has written a tremendous amount about the failure of foreign aid programs. Over the past half century, the free market has proven its ablility to work miracles. We do not have to choose between liberty or prosperity. They go hand in hand. Botswana has the one of the freest economies and some of the most prosperous people on the African continent. Chile has far and away the highest standard of living in South America. Estonia and Ireland are other free market success stories. Between 1980 and 2000 India’s GDP per capita more than doubled. In China, poverty went from 28 percent in 1978 to 9 percent in 1998.   

Quote: “I would choose freedom even if it meant less prosperity, but thankfully we do not face such a choice.”

Quote: “Let’s quit pretending that we don’t know how to make people prosperous, when the evidence is all around us.”

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