4 ms·

The problem was that the people that benefitted most from free trade never do the work to ensure that a fair share of the profits went to the working class who

The problem was that the people that benefitted most from free trade never do the work to ensure that a fair share of the profits went to the working class who were now being displaced. If you can no longer get lifelong middleclass job with a high school diploma, but you need a degree, then the degree should be paid for by the state... or you see what you see, a race to the bottom and then a backlash.

ty6853 2y ago
There are plenty of worker owned businesses. If this leads to more worker prosperity then the free market should push workers into them and to form them. They are free to do so, so what gives?
- rlnvlc 2y ago
  "It's called consolidation. Strengthen governments and corporations, weaken individuals. With taxes this can be done imperceptibly over time."
  - ty6853 2y ago
    Sure but if worker own businesses generate more profit for workers then the workers can use that wealth to buy, I mean lobby and later employ, officials just like other businesses no? I don't see why they cant do all the same corrupt regulatory capture stuff.
MichaelZuo 2y ago
This seems circular, since there are no credible authorities to decide what is “a fair share” or not, other than the political process in the first place. (And then only in the ideal perfectly spherical cow world where single issue voters don’t exist…)
- Pet_Ant 2y ago
  I think fair can be refined to a middle class lifestyle where after working for 30 years you can have your house paid odd and enjoy the final third of your life in retirement having healthcare coverage the whole time. While nailing down all the particulars can be daunting I think the basic sketch as above is what people mean most of the time pretty uncontroversially.
  - MichaelZuo 2y ago
    Did you fully read my comment? This doesn’t make sense as a response… you can’t gain that kind of credibility just by stating opinions. And even if millions do so, it’s still just talk, unless consistently reflected at the ballot box.
pjc50 2y ago
The greatest number of people benefiting from free trade in this instance have been Chinese. Within America, the beneficiaries seem to have been farmers - China is a major US export market as well as an import market, people keep forgetting these things have two sides.
- rcdwealth 2y ago
  [dead]
citrin_ru 2y ago
Tariffs unlikely would benefit working class either. Benefits likely will be captured mostly by business owners (in protected by tariffs sectors) while everyone will get higher prices (which will hit peoples with low income the most). Manufacturing is more automated nowadays (than it was in the post WW2 era) so it will bring a small number of jobs (copare to the US population) and many of them will require a degree (or certfication).

ty6853 2y ago

There are plenty of worker owned businesses. If this leads to more worker prosperity then the free market should push workers into them and to form them. They are free to do so, so what gives?

rlnvlc 2y ago
"It's called consolidation. Strengthen governments and corporations, weaken individuals. With taxes this can be done imperceptibly over time."
- ty6853 2y ago
  Sure but if worker own businesses generate more profit for workers then the workers can use that wealth to buy, I mean lobby and later employ, officials just like other businesses no? I don't see why they cant do all the same corrupt regulatory capture stuff.

MichaelZuo 2y ago

This seems circular, since there are no credible authorities to decide what is “a fair share” or not, other than the political process in the first place. (And then only in the ideal perfectly spherical cow world where single issue voters don’t exist…)

Pet_Ant 2y ago
I think fair can be refined to a middle class lifestyle where after working for 30 years you can have your house paid odd and enjoy the final third of your life in retirement having healthcare coverage the whole time. While nailing down all the particulars can be daunting I think the basic sketch as above is what people mean most of the time pretty uncontroversially.
- MichaelZuo 2y ago
  Did you fully read my comment? This doesn’t make sense as a response… you can’t gain that kind of credibility just by stating opinions. And even if millions do so, it’s still just talk, unless consistently reflected at the ballot box.

pjc50 2y ago

The greatest number of people benefiting from free trade in this instance have been Chinese. Within America, the beneficiaries seem to have been farmers - China is a major US export market as well as an import market, people keep forgetting these things have two sides.

rcdwealth 2y ago
[dead]

citrin_ru 2y ago

Tariffs unlikely would benefit working class either. Benefits likely will be captured mostly by business owners (in protected by tariffs sectors) while everyone will get higher prices (which will hit peoples with low income the most). Manufacturing is more automated nowadays (than it was in the post WW2 era) so it will bring a small number of jobs (copare to the US population) and many of them will require a degree (or certfication).