Downer says trade talks failure point new world order

By ALEXANDER DOWNER, August 04, 2008

If you reduce tariffs it means consumers pay lower prices for imports which leaves them with more disposable income to spend on other things - including services, many of which can't be imported. Lower tariffs also means investment goes into the most productive sectors of Australia's economy and that maximises growth and therefore prosperity.

Ask yourself this question: Is there any country on earth which eschews free trade which is rich? ...

The problem worldwide is there is a lot of resistance to free trade.

Again there is no mention of the social costs of the massive, and constant, restructuring that destroys endless small businesses in the process of globalisation.