Prof. Wagstaff wrote:The issue is the willingness of Romney to invest and participate in despicable and immoral business practices. What modern candidate is unaware of the "hard realities of global trade"?
I assume we're talking Presidential candidates, because I'm sure there are plenty of candidates for other offices that have little knowledge or experience in this area. I can't really say for Obama, but he's a pretty smart and observant guy so I'll give him the benefit of the doubt.
I largely agree with your comment and you've changed mind on at least one point - willfull nonparticipation is probably the correct response, even when the awful situation is unavoidable either way. I'm not 100% convinced that the labor practices described in China actually are despicable or immoral (another discussion), but assuming they are for the sake of argument, you're right that Romney would have done no wrong by simply walking away.
I was purposefully painting global trade in the harshest light I could in my previous comment, which isn't fair. Global trade is a net good for humans and for society. There are certainly losers in the actual practice of trade, but I'm not sure that such results are intrinsic, instead of being the result of other faulty social institutions and path-dependence of economic development.