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If a foreign government subsidizes a company that "dumps" its products at low costs on our markets, I think we should pocket the gift and focus on other industr

If a foreign government subsidizes a company that "dumps" its products at low costs on our markets, I think we should pocket the gift and focus on other industries. The overall benefit to consumers outweighs the loss to the affected domestic industry. "In 1962, Milton Friedman made the case for unilateral free trade as the best and fastest path to economic prosperity" https://www.aei.org/carpe-diem/in-1962-milton-friedman-made-the-case-for-unilateral-free-trade-as-the-best-and-fastest-path-to-economic-prosperity/ https://www.aei.org/carpe-diem/in-1962-milton-friedman-made-...

NeedMoreTea 7y ago
Of course he did. All nations make the case for free trade after they have arrived, to pull away the ladder they used to get there. See Bad Samaritans: The Myth of Free Trade and Secret History of Capitalism by Ha Joon Chang. Highly recommended read. https://en.wikipedia.org/wiki/Bad_Samaritans:_The_Myth_of_Free_Trade_and_the_Secret_History_of_Capitalism https://en.wikipedia.org/wiki/Bad_Samaritans:_The_Myth_of_Fr...