- Jul 2024
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NAFTA displays the classic free-trade quandary: Diffuse benefits with concentrated costs.
for - key insight - free trade - from - Backfire: How the Rise of Neoliberalism Facilitated the Rise of The Far-Right
quote - free trade - (see below)
key insight - free trade - NAFTA displays the classic free-trade quandary: - Diffuse benefits with - concentrated costs - While the economy as a whole may have seen a slight boost, - certain sectors and communities experienced profound disruption. - A town in the Southeast loses hundreds of jobs when a textile mill closes, - but hundreds of thousands of people find their clothes marginally cheaper. - Depending on how you quantify it, the overall economic gain is probably greater but barely perceptible at the individual level; - the overall economic loss is small in the grand scheme of things, - but devastating for those it affects directly.
from - Backfire: How the Rise of Neoliberalism Facilitated the Rise of The Far-Right - https://hyp.is/F6XYujyREe-TaldInE8OGA/scholarworks.arcadia.edu/cgi/viewcontent.cgi?article=1066&context=thecompass
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