And it illustrates a basic concept, which is that redistributing money isn't value-neutral. Some distributions are better for society than others.
You can't just say free trade takes money from this group and gives it to that group and perhaps ekes out a modest efficiency gain and conclude your analysis there.
It matters who wins and who loses, and by how much.
And it illustrates a basic concept, which is that redistributing money isn't value-neutral. Some distributions are better for society than others.
You can't just say free trade takes money from this group and gives it to that group and perhaps ekes out a modest efficiency gain and conclude your analysis there.
It matters who wins and who loses, and by how much.