Maybe Free Trade Is Not The Right Target
Japan's insidious pursuit of profit, if left unchecked, will always produce an imbalance of trade in its favor ("When free trade carries too high a price," Editorials, Jan. 27). While the Japanese target profit, to our detriment, we embrace free trade as if it had more intrinsic worth than profit. The resulting cost to our nation has been horrendous. Given Japan's opposition to open markets, today's economic doldrums beg for change: from unilateral free trade to managed equal trade.
Donald J. Aldrich
Fair Oaks, Calif.