Free Trade: Who Is it Good For?

Who does free trade help? Who does it hurt? And does it destroy jobs? Prof. Deirdre McCloskey breaks it down for you.

Top Comments ( View All 1 Comments )
1 month ago at 9:50 AM

supposing WHAT YOU SAID IS “basically TRUE”…here’s the problem WITH YOUR THINKING…

A. THE MAJOR “WESTERN STYLE ECONOMIES” ARE “CONSUMER PURCHASING BASED”…meaning “the more CONSUMERS their are “with jobs making a decent living wage” …THEN YOU HAVE “MORE CONSUMERS with INCOMES/MONEY to buy products FROM RETAILERS…like FORD, CHEVY, WALMART, TARGET, SEARS, etc.

B. so let’s SAY I AGREE WITH YOU …that more “jobs are lost to places like TEXAS…and to “robotics and software” advances…YOU STILL DON’T ADDRESS THE ISSUE …of “as less and less people ARE EMPLOYED (jobs displaced by advanced tech and robotics”…THEN WHO IS GOING TO PURCHASING “YOUR PRODUCTS” at the end of the consumer pipeline???

C. THIS MEANS “FOR THE IMPROVEMENT IN LIFE for “tens of millions of Americans” THAT THEY NEED A “GUARANTEED INCOME” TO BE ABLE TO PURCHASE THOSE PRODUCTS…THAT YOU IN BIZ ARE MAKING~

D. THIS MEANS A “KIND OF GUARANTEED BASIC INCOME” (WITHOUT WORKING) FOR MOST…BECAUSE THERE WILL SIMPLY “NOT BE ENOUGH JOBS FOR EVERYONE TO WORK…THIS MEANS “HEAVILY TAXING BIZ” TO PROVIDE THIS “GUARANTEED INCOME “SO THERE WILL BE A “STEADY MASS MAJORITY OF “CONSUMERS” TO PURCHASE “THE PRODUCTS” YOU BIZ PEOPLE INTEND TO CONTINUALLY PRODUCE…

ANSWER THIS QUESTION!!!

Favorites: 0