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It probably is a surprise if you put a lot of faith in Ricardian equivalence, the theory of comparative advantage and read and nod your head to this sort of thi
by crdoconnor 9y ago
It probably is a surprise if you put a lot of faith in Ricardian equivalence, the theory of comparative advantage and read and nod your head to this sort of thing:
http://www.economist.com/node/605144 http://www.economist.com/node/605144
- eevilspock 9y agoThe problem with Ricardian equivalence is that people should not be treated like bikes and bushels of wheat. Yes, let's optimize production of useful things. But the moment you commoditize people, and global trade becomes more about cheap labor than cheap goods, we get massive unfairness and exploitation. This is true for free-markets in general. We have gotten lost about what it is we are actually optimizing for.