It is often said, in the justifications of free trade, that
there are more winners than losers. But
this is not quite what is actually the consequence of free trade. It is more correct to say that there is more
winning than losing, but this is not at all the same thing. The winning may be concentrated among a few,
while the losing could be distributed among many, in which case there would be
more losers than winners. Further, the
losers could be among the less wealthy, and thus less able to afford their
losses. Is this what we are seeing in
the new global economy? The rich
winning, and getting very rich, while many others are losing, and hurting?
"When plunder becomes a way of life for a group of men living together in society, they create for themselves in the course of time a legal system that authorizes it and a moral code that glorifies it." Frederic Bastiat 1801-1850 political economist __________________________________The velvet glove is off the golden fist. _________________________________________________________________________________________ PLUNDERFEST: Def: What the people of the United States can now look forward to.
Showing posts with label winners. Show all posts
Showing posts with label winners. Show all posts
Tuesday, October 16, 2012
Subscribe to:
Posts (Atom)