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> Free trade benefits both parties equally. Otherwise, they wouldn't trade. I have to disagree here - free trade benefits both involved parts (not necessarily
by LyndsySimon 10y ago
> Free trade benefits both parties equally. Otherwise, they wouldn't trade.
I have to disagree here - free trade benefits both involved parts (not necessarily equally). If I trade you my rice for your steel, I might gain 5% value and you might gain 50% value. That's still mutual benefit but not necessarily equal.
- WalterBright 10y agoAnyone getting a 50% profit on a deal is likely to attract competitors to even it out, it's called "arbitrage". https://en.wikipedia.org/wiki/Arbitrage https://en.wikipedia.org/wiki/Arbitrage People are always looking for these sorts of things, and many market mechanisms have sprung up which have the effect of evening them out.
- LyndsySimon 10y agoI understand; I'm just pointing out that "benefits each party equally" is not necessarily true.