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> There are two arguments in favor of free trade You missed the single most common argument in favor of free trade: 1. Everyone has more stuff than otherwise.
by thaumasiotes 2y ago
> There are two arguments in favor of free trade
You missed the single most common argument in favor of free trade:
1. Everyone has more stuff than otherwise.
Under free trade, total world production is higher.
- s1artibartfast 2y agoI think that is related to #1 above, but isn't necessarily true. There can be winners and losers of free trade, despite more aggregate production. I dont personally think we were there, but it is a possibility.
- thaumasiotes 2y ago> I think that is related to #1 above It isn't; if we had lower labor costs than everywhere else, free trade would still have the same effects.