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Generally accepted does not equate to the one true way, and in fact, when people generally accept something to be the only truth they usually turn out to be wro
by runarberg 6y ago
Generally accepted does not equate to the one true way, and in fact, when people generally accept something to be the only truth they usually turn out to be wrong. Economic theory being as contested as it is, and how demonstrably inefficient current economic theories have been at lifting people out of poverty, I would not be surprised if history will regard the statement of “trade is one of the best ways to relieve poverty” to be a failure.
And even if the statement is true, this statement might not hold with international trade as it does with local trade. Perhaps if local populations were allowed to trade freely among them self would be a superior option, then if the rich west were constantly under bidding and under paying.
To take an example. Angola trades a lot with rich countries (particularly with China), yet Angola has one of the worst dictatorships in Southern Africa, and has one of the poorest working class. International trade does not seem to be helping in that case.