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Old 02-22-2007, 06:06 PM   #1440
Hank Chinaski
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The Economist and Paul Samuelson question Free Trade

Quote:
Originally posted by Spanky

The problem with that scenario is that free trade, and free markets, almost always benefit the poor more than restricted markets. The main benefit of free trade is it drives consumer prices down. And no one benefits more from lower consumer prices than the poor.
workers who were making $28/hour at Delphi and now are making $10 somewhere might say "thanks" now that they are poor, but question whether some home cooking might have kept them middle class instead of becoming poor.
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