- Mar 5, 2001
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And how many of those economists account for most exogenous variables outside of simple trade? Such as the failure of re education, disparate impact among lower classes, failure to achieve capitalization of labor as a result of thst disparate impact, subsiziation of walmartized workers...etc? I have yet to see a study that shows such impacts and adequately includes them in the analysis.Free trade is one of the few subjects where economists are basically unanimous in it being a positive thing for a country such as the US.
Free trade in no way undercuts the US's ability to implement worker rights, environmental protections, etc and it makes our country as a whole richer. What we do with that extra money is the issue in question here and yes, conservatives don't want to spread the additionally generated wealth around, which is a problem.
I've always been curious as to what exactly attracts people about trade isolationism. Do you think if we suddenly decide to get rid of foreign trade that the US will be better off? If so, check out North Korea. Juche has been a big hit over there! Do you think we should just somehow negotiate better trade deals with other countries? If so, why would they accept?
If you have one, please show it.