Free trade works well between mature economies.
100% stupid of course since people don't engage in free trade unless they benifit from it. Ignoring the $trillions Walmart alone as saved Americans only focusing on lost jobs shows that you have been brainwashed
Actually that's incorrect.
They may engage in free trade "thinking" they may beneffit when it will actually only harm their economy.
Political decisions are not allways made taking into account the rest of the population.
I'm thinking in TPP. Although it might make a nice economical experiment , I would rather like to avoid living through its consequences.
No, you are wrong. Free-trade does not happen, unless both people benefit.
Only someone who doesn't have a clue about any specific deals, and starts talking in nebulous abstract statements, does it harm one at the benefit of the other.
The left will change positions all the time, to adapt their views depending on the topic being discussed.
In the 1950s, Cuba had a standard of living closer to the US. From then, till now, the left has been screaming non-stop that the only reason Cuba is poor, the only reason they can't buy a new car, or or give aspirin to the ill, is all because of the embargo.
Shocking concept.
I thought that if they had restrictions on imports, they would all build their own cars, make their own aspirin, make their own homes.
By the logic of the protectionist left, Cuba should be a utopia of Economic growth, from business protected by the evil competition from the rest of the world.
Then you look at trade with Africa. We are told that the evil big bad corporations are keeping people in poverty, and looting the country, and stealing their natural resources. And America is getting wealthy on the backs of the poor blacks working for 'slave wages' in Africa.
Then you look at trade with China, and we are told that China is becoming wealthy, and looting American jobs, and getting wealthy while we get poorer.
So trade makes us wealthy and others poor, and trade makes us poor and others wealthy, and lack of trade makes others poor.
People who complain about trade, flip flop all over the place, like a fish dying on the dock.
The real answer is, trade is inherently mutually beneficial. If it wasn't, I wouldn't do it. My company wouldn't do it. The companies that we buy supplies from wouldn't do it. The companies we sell supplies to, wouldn't do it.
No one would do it, if it wasn't beneficial to both sides.
