In response to my recent blog about how Pat Buchanan has a penchant for getting things exactly backwards whenever he writes about the effects of competition in the global economy I’ve had several emails containing the familiar refrain, “but how can American workers compete with slave labor camps in China?” Assuming that such slavery exists, as my protectionist minded correspondents always assure me, the anser is: easy. As Ludwig von Mises pointed out in Human Action, slave labor is always less productive than free labor. Why accumulate skill, learning, and training, and improve your productivity, if there is not benefit … Continue reading How Can We Compete With Slave Labor? Easy.