Comments on: North American Leaders’ Summit Kicks Off in Mexico http://lawiscool.com/2009/08/09/north-american-leaders-summit-kicks-off-in-mexico/?nucrss=1 The law school blog and podcast from Canada Wed, 08 Feb 2012 00:00:08 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: JamesHalifax http://lawiscool.com/2009/08/09/north-american-leaders-summit-kicks-off-in-mexico/comment-page-1/#comment-6050 JamesHalifax Mon, 10 Aug 2009 16:10:13 +0000 http://lawiscool.com/?p=1877#comment-6050 By "Failures of NAFTA" you no doubt mean those entities that are hurt by the efficiencies of economics that hurt the less productive. Sadly, that is what economics is all about. Less efficient users of resources fail, while the enterprising succeed. It's far more effective in the long run, but more does need to be done to ease the pain of those who have not yet caught up. In theory, free trade is the most efficient means of using resources, but subsidies and protectionist measures skew the process. This is what needs to be addressed. By “Failures of NAFTA” you no doubt mean those entities that are hurt by the efficiencies of economics that hurt the less productive.
Sadly, that is what economics is all about. Less efficient users of resources fail, while the enterprising succeed. It’s far more effective in the long run, but more does need to be done to ease the pain of those who have not yet caught up.

In theory, free trade is the most efficient means of using resources, but subsidies and protectionist measures skew the process. This is what needs to be addressed.

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