Those are the theoretical positions and the facts. Detailed argument is above and in any international economics textbook. Your argument boils down to nationalism. I find that repugnant. Hence the use of the phrase. Now that I understand your motives, I have no further use for this discussion.
Go on off you trot then.
If only we had our stones.
Back when this thread started, Mack Rebenack suggested reading the book Globalization and Its Discontents by Joseph E Stiglitz.
Well, I finally got round to reading it and these are my comments.
Who will this book appeal to? To anyone with an interest in practical macroeconomics, restructuring of socialist societies to capitalist, and to the policies of the IMF. It really has little to say about the WTO and the World Bank and should be called The IMF and Its Discontents. It