3 ms·
This. A lot of people, even economists, conflate the freedom of trade with the free movement of capital. They are not the same and not equivalent. I like to po
by jmyeet 4y ago
This.
A lot of people, even economists, conflate the freedom of trade with the free movement of capital. They are not the same and not equivalent. I like to point people to this comic [1] that someone made when the TPP was hot news as it accurately describes this in a very accessible way.
Neoliberalism serves the interests of the capital-owning class.
[1]: https://economixcomix.com/home/tpp/ https://economixcomix.com/home/tpp/
- Dracophoenix 4y agoThere isn't a distinction. How is free trade possible if one isn't free to exchange one form of capital for another? Exchange requires movement.