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Trade is two-sided and every participant is richer as a result. So, if trade doesn't happen, both sides become poorer as a result.
by ComradePhil 5y ago
Trade is two-sided and every participant is richer as a result. So, if trade doesn't happen, both sides become poorer as a result.
- jquery 5y agoIf I refuse to trade with the world, the world becomes infinitesimally poorer, but I become radically poorer. Russia is relatively small compared to the global economy and will suffer much more than everyone else.