Free Trade

India’s IP failures demand Obama’s attention

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On May 11, 2013, Indian President Pranab Mukherhee said “The future prosperity of India in the new knowledge economy will increasingly depend on its ability to generate new ideas, processes and solutions.” He was right not just about India, but indeed about the whole world; we need strong incentives to innovate, invent, and create – and that must include meaningful legal protections for the products of invention and creation. Unfortunately, despite the rhetoric, India has been moving sharply against protecting intellectual property rights, with serious repercussions for companies that want to invest in India and by implication for global innovation and economic growth.

Read the rest at American Commitment.



From Panic to Depression?

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The dangers of blaming free trade, low taxes, and flexible labor markets for our current troubles.

By Phil Kerpen
October 28, 2008 7:53 AM

Blame for today’s financial panic can be assigned to a Federal Reserve that kept interest rates too low while a bubble inflated; unscrupulous lenders; people who bought homes they couldn’t afford; Wall Street wizards who overleveraged and wrote derivatives they couldn’t pay; and a Congress that set the policy goal of universal home ownership and recklessly grew Fannie Mae and Freddie Mac to pursue that goal.

But with so many real culprits out there, we cannot afford to blame the fake culprits of free trade, low taxes, and flexible labor markets. These are the fundamentals of a free economy. If we undermine them in response to the panic, we risk repeating the mistakes that followed another great panic and ushered in the Great Depression.



U.S.-China Trade Is a Win-Win

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Tariffs and other protectionist measures would be a disaster.

By Phil Kerpen

The liberalization of trade between the U.S. and China has been a stunning success for both countries. For China, integration into the world economy has brought sustained 10 percent economic growth, lifting a stunning 400 million people out of poverty over the past two decades, according to World Bank estimates. In the U.S., we’ve enjoyed a low-price retailing revolution, dramatically increasing real standards of living for moderate- and middle-income Americans alongside a decade of zero inflation in import-heavy market segments.



Sweet Deal, Bad Taste

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It’s time to choose consumers over Big Sugar.

By Stephen Moore and Phil Kerpen

If American consumers and taxpayers have learned any lesson over the past number of years it’s that sugar producers don’t like competition. In fact, they loathe it. Always have. Since 1820, when Louisiana sugar planters successfully argued for high tariffs to prevent a collapse in the value of slaves, the industry has used political influence to fleece consumers and taxpayers and avoid competition. In the last two centuries, no other industry has better used its deep pockets and political clout to restrain trade and competition.



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