Paul Krugman wrote an excellent piece a few days ago about how most of the rhetoric surrounding the benefits of free trade is mostly dishonest.
Quote:
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But it’s also true that much of the elite defense of globalization is basically dishonest: false claims of inevitability, scare tactics (protectionism causes depressions!), vastly exaggerated claims for the benefits of trade liberalization and the costs of protection, hand-waving away the large distributional effects that are what standard models actually predict.
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http://krugman.blogs.nytimes.com/201...ionist-moment/