3 ms·
This is a very simple statement you've made but introduced the exact issue while also glossing over it. Trade is voluntary. Free trade is an agreement between
by wavefunction 9y ago
This is a very simple statement you've made but introduced the exact issue while also glossing over it.
Trade is voluntary. Free trade is an agreement between two parties. But free trade does not benefit 'both parties' unless you vivisect -for example- the American people into those that actually benefit from free trade and those that do not, largely.
This is borne out by the reality we live in: that income and wealth inequality is increasing and doing so at an increasing rate and capital is accumulating due to public policies both domestic and international in nature that disproportionately favor the rentiers.
The US has a lower rate of individual participation in the economy now than before NAFTA. That's a major failure in my opinion.