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What other major industrial nation was not devastated during either World War? (I guess you can say "Canada" but I'm not sure how "major" or "industrial" they w
by GFK_of_xmaspast 10y ago
What other major industrial nation was not devastated during either World War? (I guess you can say "Canada" but I'm not sure how "major" or "industrial" they would have been in WWI).
- carsongross 10y agoYou are assuming the conclusion. My question is: the standard Ricardian argument for international free trade assumes that as trading partners become more productive, all trading partners benefit. Do you think this is the case? Certainly the original post does, as confirmed in his response. If that is so, why would other countries becoming better at making things make us poorer?
- Camillo 10y agoIt may have made America as a whole wealthier, but destroyed the working class.