The government has the public pay for research and development and provides a state-guaranteed market for waste production. If something is marketable, the private sector takes it over. That system of public subsidy and private profit is what is called free enterprise.
The second major competitive bloc is based in Europe and is dominated by Germany. It’s taking a big step forward with the consolidation of the European Common Market.
The third bloc is the US-dominated, dollar-based one. It was recently extended to incorporate Canada, our major trading partner, and will soon include Mexico and other parts of the hemisphere, by “free trade agreements” designed primarily for the interests of US investors and their associates. We’ve always assumed that Latin America belongs to us by right.
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| 2016 Presidential contenders on Free Trade: | |||
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Republicans:
Sen.Ted Cruz(TX) Carly Fiorina(CA) Gov.John Kasich(OH) Sen.Marco Rubio(FL) Donald Trump(NY) |
Democrats:
Secy.Hillary Clinton(NY) Sen.Bernie Sanders(VT) 2016 Third Party Candidates: Roseanne Barr(PF-HI) Robert Steele(L-NY) Dr.Jill Stein(G,MA) | ||
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