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by cba9 3849 days ago
> ...all of the countries which have done extremely well (China, Brazil) have protectionist economies while the countries that have stagnated or suffered (US, EU) have fervently implemented free trade policies....Empirically, countries that have not put all of their eggs in the proverbial free trade basket have been much more prosperous than those that have.

Are you saying that Brazil and China are wealthier than the US and EU?

I also think that this is a curious way to describe China's recent history in going from Mao to Deng...

1 comments

The article is about how different countries and demographics have fared over the last few decades of globalization. Countries like Brazil and China have experienced massive relative increases in wealth while other wealthier countries (who also happen to firmly be on the free trade bandwaggon) have stagnated or declined.
So your point is that capitalist countries became much wealthier and they also did this much earlier than protectionist countries did, and this is somehow a bad thing about free trade?