1. BERNIE SANDERS AND A BAD CASES OF PROTECTIONISM
FT. RAY BANS, OAKLEY’S

2. IN CASE YOU DON’T KNOW BY NOW...
FREE TRADE=
Do not restrict imports/exports from/to
other countries
Mutual giving and receiving
Very common among developed
countries

3. Benefit from comparative advantage Options and gain from lower prices
Top export destinations of US: Canada,Mexico, China,Japan,and Germany.
Top import origins:China,Canada , Mexico,Japan and Germany .
Pros
Benefit from comparative advantage
Options and gain from lower prices
Employment opportunities
Key to economic growth
Foreign exchange growth
Cons
Crappy work environments (most of the time)
Low wages (most of the time)
Environmental issues
Increased unemployment

4. Protectionism (in simpler forms)=
Government actions/policies that restrict or restrain international trade (intent of protecting local businesses and jobs from foreign competition)
Tariffs
Quotas
Subsidies
Very few TRUE protectionist countries

5. BUT APPARENTLY BERNIE THINK IT’LL WORK...
MOST PROTECTIONIST COUNTRIES
PROS
Moves jobs to the US
Re-Emergence of middle class
National Pride?
CONS
Potential Trade War
Reduce our standards of living
May not actually protect our jobs
BUT APPARENTLY BERNIE THINK IT’LL WORK...

6. BAD CASE OF PROTECTIONISM
Bernie Sanders believes that the top priority of any trade deal should be to help American workers
He believes that free trade agreements like NAFTA, Permanent Normal Trade Relations with China, and the U.S.-Korea Free Trade Agreement have allowed too many American jobs to move overseas.
For this reason he has been a leader in Congress in the fight against the free trade agreements that have been negotiated over the past three decades

8. Ray-Ban is the global leader in premium eyewear market and by far the best- selling eyewear brand in the world.
In 1999, Bausch & Lomb sold the brand to the Italian Luxottica Group for a reported $640 million (MMMAAAJJOOORRR MONOPOLY).
Heavily endorsed/worn by celebrities

12. FREE TRADE= BBBUUEEEENNNNOOOOOOO
IN THE CASE OF RAY BANS (and many more companies)...
Environmental benefits
Better quality
Not using our resources
And we still get to look good :)

13. Environmental Benefits vs. Oakley
Production, manufacturing, and assembly production for Oakley are handled in Foothill Ranch, CA.
MORE CO2 EMISSION DUE TO PRODUCTION PROCESSES
WE DON’T NEED IT IN THE US

14. Better Quality
Use crystal lenses, which are tinted on the back and made of glass
“We don't have plastic lenses,"
Offer lenses with UV protection/ polarized lenses
Ray-Ban focuses on long-term quality, making sure the materials used don't peel or change their shape with wear and tear.
"You're not just paying for the name. You're paying for the craftsmanship,"

15. Not Using Our Resources
If we promoted a protectionist country, we would have to use up all of the resources to produce this product (resources that we could be using for other things)

16. SUGGESTIONS FOR BERNIE
96 percent of economists agreed, “Freer trade improves productive efficiency and offers consumers better choices, and in the long run these gains are much larger than any effects on employment.”
Economists at the Petersen Institute for International Economics estimated the economic benefits from the expansion of technology ,and they generated “an increase in US income of roughly $1 trillion a year,” which translates into an increase in “annual income of about $10,000 per household.”
Production process at a lower cost than their domestic competitors
Access to these low-cost foreign inputs allows American businesses to decrease their production costs and consequently increase their total output, making the nation as a whole much wealthier than it otherwise would have been.

18. Sources http://www.investopedia.com/terms/f/free-trade.asp
the-world-and-guess-what-the-uk-makes-it-to-the-top-5/