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by contrarian1234 831 days ago
And it turns out that that's irrelevant in terms of net benefit to the citizen of a country

https://en.wikipedia.org/wiki/Comparative_advantage

Resources are reallocated elsewhere

1 comments

A simplistic economic model that overlooks hundreds of important factors may provide a basic Econ 101 understanding but it does not reflect how the world truly operates and proves nothing.
Sure it's a simple model. But the burden of proof lies with the person claiming that free trade needs to be bilateral. That's not some inherent property of it, or something immediately obvious. A basic look at it past "It's not faaiiiiiir" actually shows quite the opposite