Free trade is a good moral concept for the simple reason that politicians and bureaucrats should not be allowed to interfere with voluntary transactions between consenting adults.
It’s also a good economic concept for the simple reason that protectionists can’t provide good answers to simple questions.
And free trade is a good geopolitical concept because it is far better than foreign aid as a mechanism for generating prosperity in less-developed nations.
Writing for the Economic Times of India, Bjorn Lomborg of the Copenhagen Consensus Center writes about the benefits of open markets among nations.
With one simple policy—more free trade—we could make the world $500 trillion better off and lift 160 million people out of extreme poverty. …reducing trade barriers not only makes the world richer, it is a great enabler for reducing poverty, curtailing hunger, improving health and restoring the environment. …Freer trade essentially means that each country…
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Apr 12, 2015 @ 15:56:27
no economically literate person would ever argue otherwise. foreign aid can aid (pun intended) this process
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Apr 12, 2015 @ 16:01:50
Well that leaves the Left over Left untouched
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