Most Helpful Customer Reviews
34 of 39 people found the following review helpful:
5.0 out of 5 stars
FREE TRADE EXTREMISTS: READ THE BOOK BEFORE YOU REVIEW IT!, July 1, 2000
This review is from: The Great Betrayal: How American Sovereignty and Social Justice Are Being Sacrificed to.. (Hardcover)
I HAVE READ THIS BOOK--every word. Criticisms by many reviewers here show they didn't read it at all or perhaps only partially. This book brilliantly sheds the shackles of revisionist history and documents the successes of economic protectionism. Buchanan shows how Adam Smith's "Wealth of Nations" has been completely misread by free traders. He quotes Milton Friedman who says that Smoot-Hawley had nothing to do with the stock market crash. (It crashed 8 months BEFORE the tariff bill was even passed!) Mr. Buchanan's solutions are not completely wrapped up in tariffs, as another reviewer stated. He forgot to read the final chapter where Buchanan outlines a mix of tax, trade, and capital-accumulation policies. Wouldn't you love a tax system that didn't require the burdensome IRS reporting we now have? It's in this book. If Buchanan's practical policies are implemented, within five years the following would happen: Trade deficits would disappear; vulnerability to global financial crises would vanish; factories would spring up; millions of manufacturing jobs would be created; the demand for American workers and their pay scales would rise; the tax burden on American families would lighten; and America would be more self-reliant (no more OPEC handcuffs). Buchanan crushes the Ivory Tower theories of free trade economists who should be grateful for the very policies they criticize: job protection! Let's see how they'd feel about "free trade" if their 100% Tenure Tariff were removed. Maybe then their free trade theories would not be so extremist. There once was a higher value in America than The Bottom Line. It was called Freedom. Reading this book should be a requirement for every history teacher, economics professor and student in America who wants to PROTECT it.
Help other customers find the most helpful reviews
Was this review helpful to you? Yes
No
20 of 22 people found the following review helpful:
5.0 out of 5 stars
We knew how to do it in the past ...but got led astray., October 23, 2003
This review is from: The Great Betrayal: How American Sovereignty and Social Justice Are Being Sacrificed to.. (Hardcover)
Buchanan has exposed this modern age version of Free Trade for what it is ,a dumb sellout.A trade means to exchange for something comparable and the West has received nothing beneficial in return for the loss of industries and jobs that have been moved to countries which use starvation wages and dismal human rights and conditions to produce the goods we have produced for many years.Leaving our workers without jobs and the country losing them as taxpayers.After all this, the goods are sold back here at prices no lower than if they had been made here.The idea that this would benefit the workers in these third world countries has been a fraud as the benefits have never been allowed to trickle down. Free trade has been a monumental failure ,or as Buchanan claims a Betrayal. The problem with what is going on now is that two Maxims are being ignored: First;you should never trade for something that you've already got. and Second;You can't continue to trade with someone who has a lower standard of living than you have.It will only keep his low or bring yours down.
Help other customers find the most helpful reviews
Was this review helpful to you? Yes
No
27 of 31 people found the following review helpful:
5.0 out of 5 stars
Pat Buchanan's plan to restore America to greatness, April 26, 1999
This review is from: The Great Betrayal: How American Sovereignty and Social Justice Are Being Sacrificed to.. (Hardcover)
Any negative review about this book could not have been written by anyone who read it. Buchanan writes about Our Great Nation and its slide into a declining standard of living that has been breaking down the Nation since the age of Free trade in America. Buchanan documents quite well where America once was economically and socially, and its slow decline into globalization. He makes a good case backed up with solid reason and evidence that America should revert back to a "protectionist" system of trade, whereby tarriffs would be applied to foriegn imports that serve to destoy American industry. Buchannan makes a case that "protectionism" in the past paid off national debts, brought about a balanced budget, a surplus funds, lower taxes, and a higher standard of living. Buchanan points out that free trade only works when everyone plays by the rules. The book has solid statistical information and a lot of historical perspectives that most people never learned in school. My only criticsm of this book is the many historical quotes that slowed the book down for me as I reflected on what events were occurring at that time. No doubt I am a better person for reading Buchanan's perspective
Help other customers find the most helpful reviews
Was this review helpful to you? Yes
No
|