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It's wild how people keep on talking about the prisoner's dilemma in the face of economist consensus that the selfishly dominant strategy is free trade. It's co
by OscarCunningham 1y ago
It's wild how people keep on talking about the prisoner's dilemma in the face of economist consensus that the selfishly dominant strategy is free trade. It's consistently easy for special interests to convince the public that tariffs are part of a sophisticated strategic/moral dilemma, while in fact they're just handouts. Likewise the glorification of China. The idea that the Communist Party might make bad economic decisions is never considered.