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by bun_at_work
1873 days ago
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This sounds like a good article, I'll check it out. However, the claim that free trade doesn't lead to gains for losers in the economic sense is inaccurate. The poorest people worldwide have seen massive improvements to quality of life, even if things aren't perfect. Looking just at historical infant mortality rates, food/water access, education, and other broad metrics indicates life has been massively improving over the last century, worldwide. It's naive to think that free trade hasn't contributed to that. As a quick example, free trade has allowed more developed nations (like the US) to leverage the labor markets in less developed nations, like China. As a result, money has flowed into those labor markets and increased the quality of life in those areas. To be clear, those labor markets aren't perfect, and free trade as a universal good is a ridiculous idea. My point is just that free trade has led to a lot of good the world over and the referenced statement is over simplifying something that is very complicated. |
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