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To: DoodleBob
Donald Trump took the White House in 2016 railing against the consequences of free-market policies

No he didn't. But he did rail against unfair trade practices of foreign competitors. That's different.

In economic theory, a free market depends upon three things: 1. No monopolies or monopsynies: 2. No information assymetries; and 3. No externalities [undue influences affecting free market pariticipation, e.g government favors or subsidies or treaties that unbalance the competitive environment].

Megagopolies exploiting cheap labor in one country to undermine the productivity in another country, while accring the unfair profits to itself, is not a free market practice.

10 posted on 04/17/2023 6:48:27 PM PDT by AndyJackson
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To: AndyJackson

“Globalization has made the financial elite who donate to politicians very wealthy.”

That’s the Trump quote, the key being the “donate to politicians” part.

In a free market there would not be a need to “donate to politicians”.


15 posted on 04/17/2023 7:07:50 PM PDT by packagingguy
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To: AndyJackson

BTTT


17 posted on 04/17/2023 7:27:59 PM PDT by ConservativeMind (Trump: Befuddling Democrats, Republicans, and the Media for the benefit of the US and all mankind.)
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To: AndyJackson
Donald Trump took the White House in 2016 railing against the consequences of gobalist free-market policies

Fixed it.

34 posted on 04/18/2023 4:27:29 AM PDT by central_va (I won't be reconstructed and I do not give a damn...)
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