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> Ask any economist what issue they agree on, and the first answer you’re likely to hear is “free trade is good.” The general public disagrees vehemently, but
by aakilfernandes 11y ago
> Ask any economist what issue they agree on, and the first answer you’re likely to hear is “free trade is good.” The general public disagrees vehemently, but economists are almost unanimous on this point.
I've never heard an economist claim free trade will lead to lower unemployment. I've heard that it will lead to more efficient markets. But efficiency != equality, and its completely possible the gains go to the top while the losses go to the bottom.
- andreasklinger 11y agoagree. essentially it's not the job of market players to create fairness[1]. it's the job of the society around it - may it be local or global [1] i would even go as far and saying that the player's desire is even unfairness (skewed in the players direction)
- thatcat 11y agofairness is subjective, free markets arnt inherently fair. they exclude externalities like equality, environment, and other things that are valued by individuals that are ignored in the markets models.