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> But it's not as cut and dried as your last paragraph suggests. It was the libertarians and liberal economic establishment who claimed it was cut and dried th
by carsongross 9y ago
> But it's not as cut and dried as your last paragraph suggests.
It was the libertarians and liberal economic establishment who claimed it was cut and dried that unrestricted free trade was better for all Americans. Anyone who objected (Buchanan, Perot, now Trump) was obviously stupid, and probably racist.
- nickik 9y agoNo economist makes the argument that free trade is better for all americans. Thats simply not what economic theory says. Economist have studid the problem for a long time and the wastly overwhelming majority still support it. They have actually fought about the problem quite a bit. You would do well to actually understand the argument instead of mischaracterising it.
- hiram112 9y agoWhile agree with you - it was always noted in the fine print that there would be losers in the globalization game - it just wasn't stated that 95% of us would lose, while .1% would win bigly.