3 ms·
On point 2, it's worth noting the Corn Laws in UK, where the poor pushed for international trade in grain, because they wanted cheap bread. The rich owned farms
by jimmytidey 10y ago
On point 2, it's worth noting the Corn Laws in UK, where the poor pushed for international trade in grain, because they wanted cheap bread. The rich owned farms, and wanted high grain prices, so pushed back against free trade.
There is no 'default' distributional effect from free trade, it can go in any direction.