The Economist article about online gambling

[mr_whomp]

This weeks issue of the economist had an interesting article about the WTO battle going on between the US and Antigua regarding online gaming.

WTO found in favor of Antigua (this is old news) however most people feel the US will not change their laws and the situation will remain as is.

However, apparently with the WTO win if the US does not comply then Antigua is allowed to pirate US software/music/movies according to the WTO rules. So the next step for legalization of gambling might ironically be to sell pirated copyright material.

Here's hoping Antigua follows through with the pirating and the movie/music industries raise hell in washington.

[LotteryOrPoker]

The best thing that could happen to the United States economy is if the WTO or any other country did anything to force us to tighten our trade borders. Foreign countries benefit far more than the United States from free, uninhibited, open trade with us. All of the economic investment and opportunity you read about in China is because we opened up our trade barriers. We exported millions of jobs and gutted our middle class in order to benefit countries like China and we got NOTHING in return. No one is going to put economic pressure on the United States because they benefit so greatly from open trade with us. If Antigua tried something like that they would feel the wrath of every major industrialized country who is profiting from the destruction of the middle class in the United States.

[MyTurn2Raise]

[ QUOTE ]
we got NOTHING in return.

[/ QUOTE ]
cheaper goods
better jobs
longer life
higher quality of life
among the many reasons your post is not right

the US exported manufacturing jobs
the US gained more white collar jobs

[mr_whomp]

lotteryOrpoker you need to read introductory microecon/macroecon textbooks and then come back to this thread when you are not retarded.

[LotteryOrPoker]

[ QUOTE ]
[ QUOTE ]
we got NOTHING in return.

[/ QUOTE ]
cheaper goods
better jobs
longer life
higher quality of life
among the many reasons your post is not right

the US exported manufacturing jobs
the US gained more white collar jobs

[/ QUOTE ]

We gained white collar jobs? Do you have any idea how many jobs have been exported to countries like India? We haven't gained a thing. Because of a weak dollar we are not getting cheaper goods either. The value of the dollar has more to do with the cost of our goods when they are imported than the cost of labor does. We exported GOOD manufacturing jobs. These were jobs with pensions, health benefits and good pay. We got NOTHING in return.

[LotteryOrPoker]

[ QUOTE ]
lotteryOrpoker you need to read introductory microecon/macroecon textbooks and then come back to this thread when you are not retarded.

[/ QUOTE ]

Get passed the intro classes and you may figure out why you sound like a chump. We gutted our middle class and this country is just BEGINNING to feel the consequences.

[LotteryOrPoker]

From 1993 to 2002 the United States lost a net total of 879,280 jobs to free trade. You can't justify anyway that does not negatively impact the economy in the US.

[Grasshopp3r]

One million jobs were lost? How many new jobs are there in the US since 1993? What would you rather do, work in a plastics molding plant or be a white collar worker? Where are the new jobs? Why do people keep coming here, legally or not? Cite your sources before you spout nonsense.

[WillMagic]

lol @ the pro-trade-barriers guy

trade barriers bad is basically an uncontested fact among serious economists - keynesian, neoclassical, austrian, or anything else for that matter. goes back to adam smith and david ricardo.

or do you have some sort of refutation of ricardo's theory of comparative advantage? if you do i'd like to hear it.

[mr_whomp]

Now if only the US would stop subsidizing farmers...