Free Trade's Hidden Cost | The Big Money
Free Trade's Hidden Cost | The Big Money
I don't see any conventional wisdom being debunked. I do see old anti-globalization arguments. I'm not sure what Miller is claiming. His argument seems confused. So productivity changes, as it has throughout time. So what? Is it better that China's productivity increases? What's so bad about that? Isn't he making a moral/ethical implication that it's bad to have productivity improvements in other countries? Then argues the same implication about the compensation idea? He totally misses out on the creative destruction aspect of this. Does he want to freeze time?
I don't see any conventional wisdom being debunked. I do see old anti-globalization arguments. I'm not sure what Miller is claiming. His argument seems confused. So productivity changes, as it has throughout time. So what? Is it better that China's productivity increases? What's so bad about that? Isn't he making a moral/ethical implication that it's bad to have productivity improvements in other countries? Then argues the same implication about the compensation idea? He totally misses out on the creative destruction aspect of this. Does he want to freeze time?
posted by Spud at 10:45 AM
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