neomercantilism, trade

["Charles Brown" <CharlesB@xxxxxxxxxxxxxxxxxxxxx>]

>>> seamus2001@xxxxxxxx 08/27/01 10:51PM >>>

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If a tariff is a tax then what were really seeing is a global shifting
of the tax burden away from capitalists, but states have yet to seek
compensatory increases in taxes on wages or other income. Perhaps they
feel that lowered expectations on the part of the working class for
public goods like social insurance and the like, in conjunction with
increasing returns to scale via global production networks will
mitigate the need for more taxes? It is tax exemption for corporations
that is being implemented by the WTO along with risk *displacement*. A
massive interference in the market in order to stabilize a few score
oligopolies.

((((((((((

CB: Here is risk again. I agree with what you say , but ..re: our previous discussion of risk...the biggest corps use their power to avoid risk.