European Tribune - Comments

On "Free" Trade | 11 comments (11 topical, editorial, 0 hidden)

Ricardo's theoretical result is that free trade can be good for both parties, which was derived in opposition to the philosophy that trade always has a winner and a loser. Theory does not say that free trade must be good for both parties.

by Colman (colman at eurotrib.com) on Mon Mar 24th, 2008 at 04:42:17 PM EST

Re: On "Free" Trade (none / 1)

True, but I consider it immoral (or is it unethical) if one side gets the lion's share of the benefit. This can only come about if one side has a power advantage over the other.

Policies not Politics
---- Daily Landscape

by rdf (robert.feinman@gmail.com) on Mon Mar 24th, 2008 at 05:37:56 PM EST
[ Parent ]

Re: On "Free" Trade (none / 1)

Yes, of course: power imbalances are the sort of thing that make trade not good for both sides.

by Colman (colman at eurotrib.com) on Mon Mar 24th, 2008 at 06:36:19 PM EST
[ Parent ]

On "Free" Trade | 11 comments (11 topical, 0 editorial, 0 hidden)

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