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by ConfuciusSay
3790 days ago
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Many proponents of free trade argue that we should be pro free trade because it benefits the poor people in places like China. The OP is referring to that argument. As for why this study didn't focus on the benefits - maybe because there weren't any? Or maybe it's because the benefits mostly went to the executives of large multinational corporations who are lobbying for these deals? |
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The other comments have said plenty about the benefits, the most obvious being how cheap your daily goods are nowadays, effectively boosting the purchasing power of every American. In addition, had computers and smartphones not been so cheap because of the Chinese workers, the whole Silicon Valley bubble probably would never have come into existence.
> it's because the benefits mostly went to the executives of large multinational corporations
Why should the benefits of the executives be discounted? Perhaps you believe that the rich should not be made even richer; rather, the poor should receive the most benefits. Then why do you think that American workers, orders of magnitude richer than the Chinese, should be made even richer?