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by pfedor
4802 days ago
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Would you mind if I ask you to elaborate? I can think of two ways to read this 1. If the USA bombs China, and China fights back, that means a global war and global wars accelerate the progress of science and technology, therefore in the long run people in Wisconsin will be better off just like quite possibly they are better off now than they'd be in the alternative universe where World War II never happened (where they might not have satellite TV, GPS navigation, nuclear energy, computers etc.) 2. If the USA continues to trade with China, in a number of years China may become equally as powerful as USA or more and then China may choose to go to war with America and win. Did you mean any of the two? I'm assuming the long run part is critical since in the short term it's fairly obvious that people in Wisconsin and everywhere would be worse off if the US bombed China. |
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My point is that while I think globalized free trade probably maximizes world GDP (to the extent you can deal with externalities like pollution in the developing world), I don't think it's necessarily the course of action that maximizes prosperity for Americans. I wouldn't say that it definitely doesn't--I'm just not convinced.