Tag Archives: Free Trade

Commentary

Is it possible that foreign aid can actually do more harm than good?

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A really good read by Stuart Schneiderman.

Excerpt:

…if you send boatloads of food to feed the world’s hungry, you are going to feel very good about yourself, but you are also going to destroy local agriculture.

No one can compete with “free.”

Gratifying your philanthropic urges can easily create a cycle of dependence, one that saps initiative, self-respect, and demeans individuals.

Keep in mind, no matter who begins these foundations, and no matter whose name is on the door, ultimately they will be run by people who are in the business of philanthropy, and that means, people who have made it their life’s work.

These people are not champions of the free market; they are not especially interested in building businesses. They are interested in assuaging guilt, their own or someone else’s, by giving away money.

These charities will be promoting liberal and progressive causes; they will become advocacy organizations. They will not be promoting capitalism.

It is a good thing to fund education. It makes you feel good to fund education. Except that the problem with education has very little to do with money.

Education is a system that has been run by liberals and progressives, with precious little interference from moderates and conservatives. More and more it has devoted itself to inculcating the values associated with political correctness and self-esteemism, rather than teaching children.

All the world’s money is not going to change that.

It’s one thing to give money to the poor and the indigent. Religions have always done as much. It’s quite another to create a special class of people who can promote their own ideology under cover of philanthropy.

When I give to charity, it is usually for specific speakers and conferences that my friends organize at universities and churches. I don’t believe in giving money to organizations like United Way and Amnesty International. I do not think it is a good idea to give money to left wing groups who view the poor as victims instead of as potential allies. I like foreign investments, free trade and micro loan programs, though.

News

Colombia’s war on terrorism and Chile’s war on poverty

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Map of South America
Map of South America

A magnificent column about Colombia’s war on FARC.

Excerpt:

When Juan Manuel Santos came into office as Colombia’s president and emphasized economic issues over the fight against terrorist guerrillas, he was suspected of going soft on those he had combated as minister of defense under the previous administration. Little did his critics know that he was planning the “coup de grace” against the Revolutionary Armed Forces of Colombia (FARC).

The devastating Sept. 22 attack on FARC headquarters in Colombia’s central Meta province all but signifies the end of the five-decade-old conflict. It will take a little while for the official end to be declared, but this war is pretty much over.

[…]For decades, politicians, academics, human rights activists and journalists on both sides of the Atlantic failed to see that there was nothing romantic, “bien-pensant” or Robin Hoodesque about an organization that killed, maimed, kidnapped and extorted for a totalitarian objective.

Colombia’s solitude was such that even the U.S. began to lose faith in its ally a couple of years ago, refusing to approve a free-trade agreement that Bogota had negotiated at a major political cost.

Colombians did not give up and continued to reclaim territory for civilian rule. Much like the defeat of Venezuela’s Cuba-inspired terrorist guerrillas in the 1960s, Colombia’s victory against FARC is the result of civilians awakening to the evil of totalitarian terror.

We get to hear about spectacular military feats, but how many outside Colombia realize that peasants, factory workers, teachers, students and others joined the struggle to defeat FARC, beautifully symbolized by the hundreds of thousands who took to the streets inside Colombia and around the world in 2008 to clamor for the end of terror?

There are still many challenges ahead. The lesson in courage and perseverance that Colombians have given us suggests they are ready to meet them.

I wish that we could sign a free trade deal with them like Canada’s conservative government. Canada is led by a conservative business-friendly economist, and they are very supportive of capitalist democracies like Colombia. Stephen Harper is Canada’s prime minister. He has economics degrees from the University of Calgary. Like Santos, he is very, very tough on terrorism – favoring increased defense spending to protect Canadian interests abroad. And guess what? Canada also has a free trade agreement with another South American country – Chile.

And Chile is also doing very well, even after the massive earthquake.

Excerpt:

Chile’s peso rose to a 27-month high after a report showed the country’s industrial growth accelerated to the fastest since 2006.

The peso appreciated 0.2 percent to 485.23 per U.S. dollar at 11:43 a.m. New York time, from 486.17 yesterday. The currency touched 483.61, the strongest since June 11, 2008. The peso has risen 13 percent during the quarter and 3.6 percent this month.

Chile’s economy is accelerating after the fifth-largest earthquake in a century struck in February, delaying its recovery from a 2009 recession.

“Retail sales grew and industrial production was better than expected,” said Roberto Melzi, a strategist at Barclays Capital in New York.

Retail sales expanded 13 percent in August from a year earlier, and industrial output grew 6.9 percent, the National Statistics Institute said in Santiago. That’s the most since January 2006. Industrial production shrank 17 percent after the 8.8-magnitude Feb. 27 earthquake and its accompanying tsunami, which caused damage worth more than a sixth of Chile’s gross domestic product.

Chile and Colombia are my two favorite South American countries. Both are led by conservative business-friendly economists. Chile’s president Sebastián Piñerahas a Masters and a Ph.D in economics from Harvard, and is successful in the private sector. The Colombian President Juan Manuel Santos specializes in business and economics, with graduate degrees from Harvard and the London School of Economics.

News

Is Colombia or Mexico better at dealing with criminal gangs?

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Colombian soldiers strike against FARC

Here’s a good story from Investors Business Daily.

Excerpt:

Colombia’s army blew away the field marshal of FARC’s narco-terror war Wednesday, showing with a jolt that to win, it’s terrorists who must “absorb” attacks, not innocents. Mexico and the U.S. have much to learn.

Seems the adage that Colombia is the only country where guerrillas die of old age isn’t true anymore.

On Thursday, Colombia celebrated news of the demise of Jorge Briceno, military commander and second-highest chief of FARC. The 57-year-old terrorist went down in a hail of bombs and gunfire over three days in a jungle bunker near La Macarena.

The Colombian army suffered no deaths and left at least 20 guerrillas dead on the jungle floor. Briceno’s demise marks the fourth knockout of FARC’s seven-man “Politburo”since 2008.

“This is the most crushing blow against the FARC in its entire history,” said Colombia’s president, Juan Manuel Santos, speaking from the sidelines at the United Nations in New York.

[…]Colombia’s war is in reality the southern flank of the same war that Mexico is fighting with its cartels — and that war is spilling over into the U.S. This is why Americans must pay attention.

The growing lawlessness on our border encompasses drugs, but also alien smuggling, kidnapping, counterfeiting and other acts of organized crime, with ties to global terror.

In Colombia’s case, it brooks no talk about “absorbing” terror attacks, as President Obama recently suggested in the U.S. If anything, Colombia seems to have taken lessons from Gen. David Petraeus’ surge in Iraq that took the war to the terrorists — and made sure they were the ones to worry about “absorbing” the attacks.

FARC is a left-wing Marxist terrorist group that traffics in cocaine. Hmmm. Cocaine? Terrorism? Marxism? That reminds me of someone. Who could it be?

Do you know what we should do to help Colombia defeat the Marxist-terrorist-drug cartel? We should sign a free trade deal so they can buy our stuff and we can buy their stuff. That will help them to grow more prosperous, and we’ll be more prosperous too! In fact, Canada has already done that. Canada likes Colombia. That’s why they signed a free trade agreement with Colombia. But the Democrats don’t like Colombia. Obama and the Democrats have delayed the signing of a free trade agreement with Colombia since they came into office.