2 ms·
Economists would also almost unanimously agree that trade creates winners and losers, within a given country. TANSTAAFL Often trade deals are sold with "some p
by scarmig 11y ago
Economists would also almost unanimously agree that trade creates winners and losers, within a given country. TANSTAAFL
Often trade deals are sold with "some people will lose, more people will win, we can take some of the gains from the winners to compensate the losers and everyone wins!" The second half of that statement doesn't happen, largely because it's difficult to come up with effective programs that share the gains of the winners with the losers.
On the whole I'm a free trade supporter. It's unsurprising, however, that the losers will get pissed off and start flocking to demagogues like Trump. That risk is concerning enough that I've decreased my support of free trade, for reasons of maintaining a healthy civic culture.