“You may be well versed but your economics emanates from JM Keynes and is not economics at all but rather nonsense.”
Really? Then why do you support and agree with his nonsense?
“Keynes himself never deviated from view that the free trade was the best policy for growth in the long run.”- Economist, 9/6/13
Perhaps your not as well versed in econ as you believe yourself to be.
Keynes with that sentence seemingly contradicted his claims in his
General Theory of Employment, Interest and Money which became the bible for politicians and the view that only academic and government experts can manage what he called free trade so that it doesn't periodically impoverish the people. It wasn't really contradiction because he did not mean by "free trade" what you and I think it means. Try to read his book sometime.The only way you can draw any "wisdom" from it is to read his conclusions. His arguments are nonsensical. They don't hang together linguistically or grammatically. His conclusions are mere assertions supported by literary nonsense. But they were and are just the ticket for politicians.
Free trade favors the country that practices it and makes it richer relative to countries that do not. If all countries practice free trade the country whose people innovate will be richer than the others. That is the USA. Read Hazlitt and learn something.