July 23, 2021
Against trade wars as class wars
Debates between free-traders and protectionists routinely devolve into competing variations of class warfare – each claiming the cause of the “common man” against a wealthy and entrenched elite.
Whereas protectionists argue that trade liberalization primarily benefits the rich, displacing disproportionate numbers of working-class employees, free-traders rush to the defense of working-class consumers, whose pocketbooks are undoubtedly harmed by tariffs and restrictions. Continue Reading...
