Open Markets vs Big Government Debate: Is Dumping a "Form of Theft"?

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Published : December 31st, 2018
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Category : Opinions and Analysis

Dumping is a form of theft says Matt Stoller, a Fellow at the Open Markets Institute.

Here is a Tweet that caught my eye.

Curiously, Stoller is 180 degrees off target.

Mercy Me

Dumping steel, solar panels, etc, is to the explicit benefit of the US (assuming of course dumping is the accurate word).

In simple terms, people like Matt Stoller protest that fact that the US is getting a great deal.

Stoller supports tariffs to stop the US from getting a a good deal.

Now, how silly is that? And check this out.

More Government Control Demanded

While wanting more tariffs, Stoller wants more control of how and what farmers produce.

End Austerity

Like Krugman, Stoller wants to end austerity. Other than Greece, I am still waiting for someone to tell me where we have austerity.

Google Crackdown Requested

Corporations like Google and Microsoft exist in the US because socialists would not let them exist in Europe.

To save the bookstores, family farms, newspapers, or whatever, they would have been busted apart long ago if they ever thrived in the first place.

Google is an amazing corporation. People use its search engine because they like it. And Google took its profits and invested in amazing things like self-driving technology that will soon run cars everywhere.

This is the genius of free and open markets, unhampered by government interference.

The Not Open Market Society

Stoller and the allegedly "open market" committee both want more government spending, more tariffs, and more intervention by the government in virtually every aspect of our lives, even agriculture.

Committee to Support "Big Government"

Neither Stoller nor OpenMarkets.Org is one bit interested in "open markets" which I would define as free market enterprise.

Instead, Stoller, along with Krugman, ought to be on the Committee to Support "Big Government".

Big Government Madness

The irony in Stoller's and Krugman's madness is that the populist revolts in France and Italy are taking place precisely because those countries suffer from too much regulation, too much taxation, and too much government!

 

Source : moneymaven.io
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Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. He writes a global economics blog which has commentary 5-7 times a week. He also writes for the Daily Reckoning, Whiskey & Gunpowder, and has over 80 magazine and book cover credits. Visit http://www.sitkapacific.com
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