A few external posts to check out

May 16th, 2016 at 10:59 am

In case OTE’ers missed these:

We need to be more honest about the costs of trade.


The policy and politics behind some of today’s populist anger, at least the part about the economy.



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3 comments in reply to "A few external posts to check out"

  1. john says:

    Most humorous of all is the way most economists think of these gains and losses from trade in terms of flows, when the really big transfers are intangible assets, such as PV expected lifetime earnings. Second most humorous is the way they call thousand page trade deals “free”, as Dean points out.

    Let me suggest the connection between the varieties of populist anger is an attempt yet again to reject the neo’s, neoliberalism and neoconservatism.

  2. Leif says:

    Isn’t the neoliberal structuring of “free trade” helping to create an economy that is increasingly neofeudal in appearance?

  3. Amateur says:

    My only criticism of your recent WaPo piece is with regard to the magnitude of certain forces with regard to the loss of manufacturing jobs.

    Given a closed economy, if productivity really was a problem, the political system could provide a solution very easily and very effectively. Everyone would understand the problem and finding consensus would not be difficult.

    But we face both a problem of globalization and of productivity increases. What is to blame?

    The political system is to blame. We can deal with things if we understand them but there’s a huge number of rich people that don’t want people to understand them. This is how globalization and politics feed on one another to eventually break down completely, resulting in a racist pig being elected.

    Globalization is the number one problem for the economy because labor is labor. The history of American and western business is to chase low labor costs. Only political forces like unions were able to fight that. But give them an outlet, such as using foreign labor that demands nothing but a very low paycheck, and you’ve unleashed the monster once again. Capitalism once again rules humanity, and a lot of people die in the process.

    This is an absolute disaster. A disaster.

    Froman is advocating a monstrous policy. It is absolutely inhumane. To say that we advocate humane policies in countries where we cannot enforce those policies is worse than inhumane, it is criminal.