Michael Crapo Quotes

These people say free markets are the way to go, but wink, wink, the markets aren't really free. They're just a protectionist racket, and we have to pay for it all on every level. It's really quite extraordinary, and immoral, and illegal. These things need to be named, and shamed, and outed, and mocked, and prosecuted.

Anticompetitive practices hurt Chinese private firms nearly as much as foreign ones.

A market is a place set apart for men to deceive and get the better of one another.

Unfair foreign trade practices are not isolated acts.

The United States will not tolerate the P.R.C.'s (People's Republic of China) violations of our sovereignty and intimidation of our people, just as we have not tolerated the P.R.C.'s unfair trade practices, theft of American jobs and other egregious behavior.

How does allowing China to constantly rig trade in its favor advance the core conservative goal of making markets more efficient?

Unfair trade practices should be regulated because they're unfair.

Donald Trump is not a protectionist. If he imposes tariffs on China or any other country that cheats, all he wants to do is defend America against unfair trade practices.

Unfair trade practices drive up rents for younger people. They will drive up home prices for first-time home-buyers. So it's not just that we're losing jobs and factories. We're giving away our homes, our businesses, our companies, our technologies.

Three year sof unconditional MFN have not lead to any subtantial improvement in human rights, trade and nuclear proliferation practice of the Chinese government. In addition to the trade barriers, China has marred our trade relationship wit prison labor or export and other unfair trade practices.

That's not free market when companies go out and move and sell back into America. No, that's the dumb market, O.K.? That's the dumb market.

The policy goal is to persuade China to stop cheating. But here's what's interesting - Donald Trump intuitively understands what things should be. I did a study in 2008 where I estimated the impact of China's unfair trade practices on their competitive advantage - the so-called China Price. You know what it came out to be? Forty-three percent. Forty-three percent - very close to what his intuition said we needed in order to equalize things.

In America, one of the biggest problems we have with China is the illegal dumping of steel and aluminum into our markets. I have fought against that as a senator. I've stood up against it as secretary of state.

Business – the world's work – is the sale of lies: Not goods, but trade-marks; and still more and more In every branch becomes the sale of money.

The commodities of Europe were almost all new to America, and many of those of America were new to Europe. A new set of exchanges, therefore, began and which should naturally have proved as advantageous to the new, as it certainly did to the old continent. The savage injustice of the Europeans rendered an event, which ought to have been beneficial to all, ruinous and destructive to several of those unfortunate countries.

People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices. It is impossible indeed to prevent such meetings, by any law which either could be executed, or would be consistent with liberty or justice.

What must be the character of that policy, which aims at national prosperity through the impoverishment of a large proportion of the home producers, with a view to supply foreigners at a cheaper rate, and give them all the benefit of the national privation and self denial?

Regulation is useful and proper, when aimed at the prevention of fraud or contrivance, manifestly injurious to other kinds of production, or to the public safety, and not at prescribing the nature of the products and the methods of fabrication

Big oil, big steel, big agriculture avoid the open marketplace. Big corporations fix prices among themselves and thus drive out of business the small entrepreneur. Also, in their conglomerate form, the huge corporations have begun to challenge the very legitimacy of the state.

…diligently investigate all complaints which may come to you from any source…and upon your own initiative of violations of the Elkins Act which prohibited “rebates and other discriminatory practices” on the part of corporations.

China can be our partner, but that doesn't mean that they can just roll all over us and steal our jobs on an unfair basis.

Unfettered markets eventually get out of whack.

As ambassador to China, Huntsman never publicly objected to Obama's trade policy, which allows China to take advantage of us - something that Donald Trump highlighted. Challenging Obama on China is one of the keys to beating him.

It's not in my mission to work against Euroskepticism; it's my mission to work for fair markets. In antitrust, what is at stake is, in some ways, as old as Adam and Eve because it is about greed, to get more.

A general charge of crony capitalism is easy to make. But dividing the 'bad' crony capitalists from the 'good' innovative entrepreneurs is much harder to do. And sorting them out without creating a new group of crony capitalists may be the hardest thing of all.