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And it turns out that that's irrelevant in terms of net benefit to the citizen of a country https://en.wikipedia.org/wiki/Comparative_advantage https://en.wiki
by contrarian1234 3y ago
And it turns out that that's irrelevant in terms of net benefit to the citizen of a country
https://en.wikipedia.org/wiki/Comparative_advantage https://en.wikipedia.org/wiki/Comparative_advantage
Resources are reallocated elsewhere
- zone411 3y agoA simplistic economic model that overlooks hundreds of important factors may provide a basic Econ 101 understanding but it does not reflect how the world truly operates and proves nothing.
- contrarian1234 3y agoSure it's a simple model. But the burden of proof lies with the person claiming that free trade needs to be bilateral. That's not some inherent property of it, or something immediately obvious. A basic look at it past "It's not faaiiiiiir" actually shows quite the opposite