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<p>[QUOTE=&quot;Cloudsweeper99, post: 1491301, member: 3011&quot;]With the apartment example, I was just pointing out that the repeal of labor laws might [and I think it&#039;s a high probability] result in a deflationary depression of breathtaking proportions to make some basic necessities affordable.&nbsp; I don&#039;t consider this desirable so the free market crowd better think this through in case their side wins.</p><p><br /></p><p>Regarding comparative advantage, you missed the point that not only can China produce every single thing cheaper, they can produce all things simultaneously cheaper in amounts beyond current demand if necessary because of the huge untapped labor force and enormous investment capital.&nbsp; Work that into your formula and it invalidates comparative advantage.&nbsp; This situation has never existed in history before.&nbsp; Should China concentrate on producing electronics and let the US produce, say, cars?&nbsp; No thanks because China can produce more of both, cheaper, and in quantities far greater than current world demand if required.&nbsp; Think about that the next time someone says they favor free trade.[/QUOTE]</p><p><br /></p>

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