Posted on 01/14/2017 7:14:50 PM PST by E. Pluribus Unum
I thank you for making me dig that up. I, too, am keeping that link for reference.
You need to read it.
Of course trade creates losers as well as winners. Nothing I have written says otherwise. In a world with trade, compared with a world without trade (autarky), the gains of the winners exceed the losses of the losers. This leads to an opportunity for the winners to compensate the losers for their losses. Now, this compensation most often does not occur in the real world. This is a failure of the political system, and of policymakers’ creativity, not a failure of trade itself. Workers displaced via trade in the textile or automobile industries, for example, could receive compensation in the form of retraining and relocation assistance and maybe extended unemployment compensation. In my opinion , the latter should take the form of an upfront, lump-sum payment rather than a weekly check for a fixed period of time.
So it is better to pay off "displaced" workers, destroy communities, lives, property values, the nations industrial infrastructure, technical know how, national security and peoples self respect in the name of "free Trade"? I say bull shiitake to that. You may want to carry out Marx's grand plan but I for one won't be a "useful idiot" for the leftists.
So, I now have transformed in your mind from a Nazi to a Marxist. That’s quite a trick.
There have been many policies that create both winners and losers, but that doesn’t mean they should not have been implemented. Deregulation of industries like trucking, energy, and the airlines disrupted many workers’ careers, but the gains to consumers outweighed the losses of those workers. The challenge for policy is to find creative and humane ways to use these gains to make the “victims” whole.
I guess you are not familiar with Marx's opinions and discussions about free trade. They are quite extensive. Google that sometime.
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