Word: whitmans
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Dates: during 1990-1999
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...exactly sparkled during the campaign, will be the host on Saturday Night Live this weekend. Says Forbes: "I wanted to see if I could do a better impersonation of me than they were doing." No sketches are yet in place, but rumor has it New Jersey Governor Christine Todd Whitman, a childhood friend who opted for Dole, may want to tune out. CHER AND CHER-ALIKE...
...Whitman writes that "the restraint of competition stifles innovation and also contributes to lower levels of productivity and standards of living." Yet he later advocates the subsidizing of American companies in foreign markets "until all foreign companies go bankrupt" after which "American companies could then assume control of the market...and the United States would be free to extract economic rents indefinitely." This is a clear contradiction; the benefits of competition are presumably the same, whether in the US computer industry or the Japanese kimono market...
...Whitman adds that the U.S. should employ its considerable economic and political clout to "pry open the markets of other nations for our benefit and the benefit of the world economy." Global liberalization is indeed a worthy cause, but only if promoted within a multilateral framework, such as that offered by the much-maligned World Trade Organization...
...sort of unilateral school-yard bullying Mr. Whitman recommends is precisely the sort of tactic most inimical to a liberal free-trading order; the assorted euphemisms of "fair trade" "reciprocity" and "objective targets" often mask crude attempts at protectionism and managed trade...
Aggressive unilateralism, while tempting, will only destroy the current liberal system of trade. Mr. Whitman should reconsider before suggesting that the crude protectionism and anti-free trade tirades of Pat Buchanan "do point in the right direction." They do not. --Chuanfei Chin...