I've seen this gif a lot showing that global inequality is falling. But no one seems to notice or mention that the main driver - emerging Chinese middle class - happens in the most protectionist country. https://ourworldindata.org/global-economic-inequality …pic.twitter.com/bEfsPUCT8D
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Cool I was going to ask you to do that. To put things in concrete terms, if Africa had better competent protectionist policies their people would be forced to make shoes, apparel, etc., which might even be better than gov't handouts generated by tax revenue.
Most nations default to protectionism. If you're the best at making everything, you might want open trade...I think that was a big motivation for the push made by the U.S. pre-Japan. We had all the resources and all the know-how, so of course lets open the borders.
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Yes, plus the USA (thought it) had the military power to back the necessary global rule of law up. There are reasons besides incompetence though, e.g. risk of capital flight of the global economy crashes.
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Sorry, I don't understand your second point.
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