Friday, December 7, 2012

Hillary Clinton: International Protectionist

US Secretary of State Hillary Clinton has always been a protectionist when it comes to US trade but now she is incredibly speaking out against free trade between other nations.

Russia, Belarus and Kazakhstan have agreed to a customs union which Clinton calls "
a move to re-Sovietise the region." Clinton says:

“It’s going to be called a customs union, it will be called Eurasian Union and all of that,” she said, referring to various iterations of a Moscow-backed plan to deepen economic ties with its neighbours.

“But let's make no mistake about it. We know what the goal is and we are trying to figure out effective ways to slow down or prevent it.”

This customs union in question between Russia, Belarus and Kazakhstan sees the "removal of tariffs and customs controls along mutual borders." Clinton proves that she has absolutely no idea what free trade is or means if she thinks this kind of free trade agreement creates some kind of Neo-Soviet Union. True free trade equals peace and cooperation, not subjugation or the expanding of centralized power. The customs union may prove to hold some strings attached but, on paper, Clinton has no cause to invoke the memory of a bureaucratic dictatorship in response to the lifting of trade barriers between nations.

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