You only have to glance at the headlines to know that protectionist pressures are rising around the world – from the “Buy American” provision in the stimulus bill to the unnecessary trade war with Mexico to the World Bank’s report last week that 17 members of the G-20 have recently implemented restrictive trade measures.
And you only have to read a history of the 1930s to know that a worldwide turn to protectionism deepened and lengthened the global depression.
So some people are starting an international campaign to protect and expand free trade. The Atlas Economic Research Foundation, the International Policy Network, and the Atlas Global Initiative for Free Trade, Peace, and Prosperity are sponsoring a global Freedom to Trade Petition to be released just before the upcoming G-20 meeting in London. To help head off another Smoot-Hawley-type spiral, please sign the petition. Academic economists, business and labor leaders, authors, and all concerned citizens are encouraged to sign.
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