Richard Nixon on Free Trade
President of the U.S., 1968-1974
Meanwhile, Japan must reduce its tariff and nontariff trade barriers. We should insist on structural reforms in the Japanese economic system that will eliminate monopolistic and anticompetitive practices of individual firms and cartels. If the Japanese want access to our markets, we must have access to theirs.
People are entitled to an opportunity to earn the good things in life. They are not entitled to receive them from the earnings of others. It is up to them to ensure that what they bring to the market equals in value what they want to get out of it. It saps incentive, builds resentment, and leads eventually to a corrosive sense of alienation and failure among those who are lured by its siren song into thinking that the nation owes them the good life without effort on their part.
Prime Minister Yasuhiro Nakasone exemplified this trend. When I met with him in 1985, we discussed the need to reverse the trend toward protectionism in the US and to reduce the non-tariff barriers discriminating against foreign goods in Japan. Unlike most previous Japanese prime ministers, Nakasone was looking beyond bilateral issues to Japan's role on the world stage. He conceded that Japan needed to spend more on defense, though he stressed this would have to be done in ways that would not alarm neighboring countries.
|Other past presidents on Free Trade:||Richard Nixon on other issues:|
George W. Bush(R,2001-2009)
George Bush Sr.(R,1989-1993)
John F. Kennedy(D,1961-1963)
Past Vice Presidents:
Natural Law Party