trade has been the subject of arguments, articles, books, speeches. >> foreign trade is the king to press -- key to prosperity. >> free trade will bring on the great depression. >> a high tariff policy will lead to war. >> we must protect our standard of living from the competition of cheap, foreign labor. >> sometimes in this great rich country of ours, it must seem we can build anything. we can grow anything, that we have everything. prosperous.rful, we feel we can trade with the whole world are not as we wish. is trade, two-way trade, important to our nation and the entire world? he seems interested. >> what is all that foreign

stuff doing here? those united nations people moving in? >> you don't approve? >> we have no business getting mixed up in it. that coffee, it is from brazil and the gentleman doesn't approve of foreign products. that cigar was made in havana, certainly you won't smoke that. a silk necktie? away with it. are you aware that the works of that handsome watch under risking from switzerland. your suit, i understand your embarrassment, but off with it. [laughter] you certainly did a job on him. he had it coming. it's something that bothers me. i know other folks need our stop and i suppose we need some affairs, what i don't understand

is what i will do when a fellow across the border sends his stuff cheaper than i can grow it. i want to be protected somehow. my product send your country, how can i -- he doesn't get his tractor and maybe i lose my job because he wants protection. i sure don't want anyone to suffer. but how can i compete with someone who gets only half the wages i get. is that fair? >> there is something fishy about this low-wage argument somewhere. our wages are way over what you get and where would you be if we started yelling for protected tariffs against your part of the country? it still don't make sense to me. >> i think they've got something there. people get misled by the cheap labor argument.

i will show you why. ♪ >> monday night on the communicators, michael powell talks about major issues facing the industry and what we might see from the new fcc chair. by powell was interviewed

tech and telecom reporter for bloomberg. >> can you talk more specifically about the opportunities in this change in leadership from democrats republicans, what is it mean for you and your industry? >> the chairman is a visionary, i think he is very focused on the concept we've heard for many years about light touch. the understanding that this market moves at breakneck beats , by the time regulatory proceedings are over, the market has shifted radically and businesses don't have the luxury of sitting on decisions for six month and eight months before they have to make decisions and i think the new commission is committed to that speed of action or it >> watch the communicators -- speed of action. >>