Monday, April 11, 2011

Free Trade

While I am researching and thinking more about what I feel regarding economic justice, I thought this was an interesting look at what one economist thinks many other economists have gotten wrong regarding free trade.


Do people in power, those who could seriously look at something like this, do they really ever think beyond party doctrine? Do they make up their mind and then simply spend their time defending their previous opinions?

2 comments:

Robert the Skeptic said...

I often ponder that question, particularly when I consider Libertarians who worship the "free market". It seems to me they often also naively ignore the (large and growing) segments of our population who have no ability to compete in the market (due to poverty, education, etc.) In theory the concept of the free market seems quite reasonable.

But as Yogi Berra said: "In theory, there is no difference between theory and practice."

Kay Dennison said...

Excellent point. I don't think complete economic justice is possible as long as The Donald et al are around but the "I got mine and you can starve" mentality has got to go. Don't these Bible-beating millionaires understand the greed is one of the Seven Deadly Sins or "It is easier for a camel to go through the eye of a needle, than for a rich man to enter into the kingdom of God." (Matthew 19:24)?