The mainstream media in New Zealand presents the argument that New Zealand and the other countries involved in TPP negotiations over tariff-free trade/the best ways to increase corporate profits, represent the progressive way of the future. US President Donald Trump, in deciding to reintroduce tariffs, is going backwards.
Tariffs are an affront to neoliberalism and as such cannot be condoned by mainstream economists. All the more reason, even though it is Donald Trump who has raised the issue, we should go there. We should have the conversation we should have had in 1984 when our politicians decided, unilaterally, that tariff-free trade was the answer to the universe. Or at the least the question of why New Zealand couldn’t sell mutton to countries that already had their own sheep? Continue reading