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> the only way globalizing an economy is good for a strong country is if you define good in a strictly economic sense like "lowest prices for the consumer" Thi
by forapurpose 9y ago
> the only way globalizing an economy is good for a strong country is if you define good in a strictly economic sense like "lowest prices for the consumer"
This is not based on any serious understanding of economics. Just reading around this HN discussion should explain why free trade does far more. But really, if you truly care about the economic welfare of people rather than the politics of nationalism, just find some basic economics online about free trade; it's not very complex.
- dcow 9y agoDo you care to elaborate? The Wikipedia page on Free Trade literally lays out the Free Trade vs Protectionist dichotomy and explains that governments often adopt policies to protect local economies, workers, agendas, etc. in a Free Trade market... It sounds like you're arguing that Free Trade is just better hands down because some other smart people said so. My point (which you have not addressed) was that there are ethical and social components beyond the pure economics of the situation that weigh in (the exact weight being very much the topic of the OP) despite the fact that contemporary economists argue in favor of Free Trade.
- forapurpose 9y ago> The Wikipedia page on Free Trade literally lays out the Free Trade vs Protectionist dichotomy ... It just lays out what some Wikipedia users wrote; there's no reason to think it represents the economic facts or the whole picture, especially on a controversial topic. Look up some real economics instead of Wikipedia. Look at Britannica at least, which probably is written by an actual economist.
- dcow 9y agoWhy don't you edit the page then if it's so misguided?