benefits? medical expenses for each labor, or force another country to raise them? the arguments that it s not fair, that argument can you make whenever there is liberty, whenever there is capitalism. that, is the whole notion is to spread opportunity and spread wealth, right? yeah. mark: so people can benefit from it? in some cases, wages in the united states are not marked to determine wages, higher wages like in the auto industry, you think of the uaw, where their wages and compensation packages were way out of whack based on the rest of the world. that exposed that industry because their labor costs were so high. mark: it came more in line in the 70s and really the 80s and 90s. ladies and gentlemen, we re going to come right back. before we do. don t forget you can join us on levin tv by going to crtv.com or give us a call at 844-levin tv. we d love you to join us over there.
salaries? benefits? medical expenses for each labor, or force another country to raise them? the arguments that it s not fair, that argument can you make whenever there is liberty, whenever there is capitalism. that, is the whole notion is to spread opportunity and spread wealth, right? yeah. mark: so people can benefit from it? in some cases, wages in the united states are not marked to determine wages, higher wages like in the auto industry, you think of the uaw, where their wages and compensation packages were way out of whack based on the rest of the world. that exposed that industry because their labor costs were so high. mark: it came more in line in the 70s and really the 80s and 90s. ladies and gentlemen, we re going to come right back. before we do. don t forget you can join us on levin tv by going to crtv.com or give us a call at 844-levin tv. we d love you to join us over there.
that somebody s taking advantage of us. mark: what else do we have a net inflow of? knowledge. creativity. technology. that is since the beginning of mankind. you know, explorers, journeymen, they wanted to learn, know more. everything isn t known in new jersey or pennsylvania or minnesota or the united states. there s things we can learn, things that we can do and so there s a back-and-forth knowledge flow too, that capitalism, that trade, that commerce is involved in, it s not like that s the intention of everybody, but, wow, look how they did this, maybe we can improve upon this and so on and so forth. am i right. that s a good point. not only international exchange of goods and services and financial assets but also an international exchange of knowledge in technology and innovation, and so that accumulates over time in ways that thomas solo said we have
forth, part of their political constituency group, and finding in america today more and more, i and you, are in the minority. when it comes to capitalism. we talk about free trade. we don t have free trade. i mean, freer trade and all of a sudden you are anti-american, you don t believe in fair play. what do you say to people like that? this whole idea of make america first, that is putting american consumers last. if you think of it from the consumer standpoint and politically, that s one of the dangers is that protectism sells in the political mark: it s an easy headliner. yeah. and it looks like the politicians are doing something and identifiable companies or industries that are now protected. you can look at the workers protected. have you photo opportunities, but then the costs imposed throughout the entire economy are much more difficult. mark: give an example. you talk about steel. we re trying to increase defense spending. we are.
but we won t get there without you. visit alz.org to join the fight. mark: doctor mark perry, final question for you. you see the country abandoning capitalism, market capitalism moving toward socialism? i see promising signs under the current administration in areas like energy, education, regulation and taxes so i think were moving in the right direction but the danger now in terms of moving away from free-market capitalism is the trend toward greater protectionism that we are seeing because that is moving us in the wrong direction. the biggest challenge i see right now and the biggest threat to free-market capitalism is this wave of protectionism that we are seen.