@paulkrugman You think Canada is richer without trade for the last 100 years?
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Right, that's where the theory faltered. We had free trade with uneven benefits & no compensation for losers.
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The compensation for losers was $20 DVD players and $2 T-shirts at Wal-Mart
End of conversation
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Really, so who are the losers? If Canada had not traded with anyone, who wins?
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What laid off people? What's the current vs historical unemployment rate of Canada?
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@HeerJeet Not every individual but every country as a whole ! Domestic policies needed for fair distribution of gains ! Economics 101!Thanks. Twitter will use this to make your timeline better. UndoUndo
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@paulkrugman how can we solve that when we can't even get Trump yo pay taxesThanks. Twitter will use this to make your timeline better. UndoUndo
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Not strange at all. Consider who bears the cost in each situation, and their relative political power.
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My econ classes didn't say that "everyone gains" from free trade. They said that the gains were net, aggregate gains.
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turns out liberals value moral superiority over honesty
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