Free Trade - Good or Bad?

[mentalfloss]

Should we be getting into free trade deals with other nations?

Does free trade produce truly beneficial results between two nations that have significantly different economies?

 

[petros]

Different economies trading utilizes the diversity of the differences. We have the raw goods needed to supply every economy on the planet. That is a huge bonus.

 

[mentalfloss]

Different economies trading utilizes the diversity of the differences. We have the raw goods needed to supply every economy on the planet. That is a huge bonus.

Yes, but what if the demand is so strong that it begins to deplete our resources?

 

[EagleSmack]

Yes, but what if the demand is so strong that it begins to deplete our resources?

Such as what? Do you think Canada would sell themselves into starvation, thirst, or run their factories dry?

What you're saying sounds a little apocalyptic.

 

[petros]

Yes, but what if the demand is so strong that it begins to deplete our resources?

Deplete our resourcces? You're kidding right?

 

[JLM]

Good

 

[mentalfloss]

Such as what? Do you think Canada would sell themselves into starvation, thirst, or run their factories dry?

What you're saying sounds a little apocalyptic.

Well, no, not starvation.

But when you begin to deplete resources, the cost of those resources goes up.

 

[petros]

Which resources are even close to depletion?

 

[mentalfloss]

Which resources are even close to depletion?

Okay, reduction, I mean. As we have less resources, the cost of those resources go up.

 

[EagleSmack]

Well, no, not starvation.

But when you begin to deplete resources, the cost of those resources goes up.

True, but cost of resources also go up due to demand... which is more likely rather than depletion.

 

[captain morgan]

Such as what? Do you think Canada would sell themselves into starvation, thirst, or run their factories dry?

What you're saying sounds a little apocalyptic.

The next logical question relates to 'saving' those resources for the future.... In the end, you still have the same issues,, only the timing is different.

 

[petros]

Okay, reduction, I mean. As we have less resources, the cost of those resources go up.

We've only scratched the surface of our resources.

 

[captain morgan]

True, but cost of resources also go up due to demand... which is more likely rather than depletion.

... And that cost increase has a direct benefit to the region that holds the resource.

 

[EagleSmack]

... And that cost increase has a direct benefit to the region that holds the resource.

Precisely

Should we close this thread now? lol

 

[petros]

Not developing our massive resources keeps prices high.

 

[captain morgan]

Precisely

Should we close this thread now? lol

There is a segment of the Canadian population that is vehemently opposed to Free Trade, it's always a bad deal.

Problem is that these folks assume that the same benefits will always be there resulting from Free Trade, but don't like the results of reciprocating.

That said, maybe it is time to close the thread.

 

[mentalfloss]

I'm hearing that the cost of gas will go up as we export more. At least that's what I'm hearing.

I'm no econ expert, that's why I'm deferring to the experts.

 

[petros]

It's a global economy these days. Self-segregation would destroy our future.

I'm hearing that the cost of gas will go up as we export more. At least that's what I'm hearing.

I'm no econ expert, that's why I'm deferring to the experts.

How so?

 

[JLM]

99.99% of the time least red tape is the best policy! :smile:

 

[EagleSmack]

There is a segment of the Canadian population that is vehemently opposed to Free Trade, it's always a bad deal.

Problem is that these folks assume that the same benefits will always be there resulting from Free Trade, but don't like the results of reciprocating.

That said, maybe it is time to close the thread.

Canada is a nation with enormous resources and a relatively low population. Does this segment of the population simply want to hoard the resources and not trade or sell?