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The 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. Bu
by eevilspock 9y ago
The 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.