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The ALCA promotes free trade between nations and the free movement of private capital, while the ALBA promotes regulated and subsidized commerce as well as the strict regulation of transnational corporations. It is a new formulation of the old debates between free trade and protectionism; between "laissez fair" and statism.  These problems arise in the debate between the classic and neoclassic economic doctrines, today manifested as neoliberalism and structuralism.

That is as far as I'll go into what is an academic discussion.

I protest, that is not an academic discussion. That (free movement of private capital) is the key economic issue behind the debates on globalisation, and it's all but academic.

Can the last politician to go out the revolving door please turn the lights off?
by Carrie (migeru at eurotrib dot com) on Tue Jul 17th, 2007 at 01:31:23 PM EST

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