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5) And of course free traders can’t (or don’t) compensate “losers” for loss of social value, as opposed to wages, medium.com/@Chris_arnade/…
Mickey Kaus
Kausfiles
5) And of course free traders can’t (or don’t) compensate “losers” for loss of social value, as opposed to wages, medium.com/@Chris_arnade/…
.@kausmickey Should “rest of us” owe those who lose when there’s economic change? Almost all of us benefit overall. Why single out trade?
@kausmickey @Medium No the hillary supporter are the truest idiots voting for a murderer
@kausmickey agree but money is primary factor. Maybe not an order of magnitude more important than social value, but pretty big gap
@kausmickey salient thing missing from dialogue is exactly that. Many peoples value function is as much about the social as the economic
@kausmickey @Chris_arnade The proverbial “buggy whip manufacturers” could work in new auto industry. Today? Displaced workers nowhere to go.
@kausmickey free traders only have to wait 4 memory of better alternatives to fade. Euros don’t blame outsourcing or immigration. Just gov!
@kausmickey @Medium Who does this man represent to you? A loser? A Trump voter? Pretty big assumption, either way!
@EconTalker @kausmickey you better have a damn good explanation to the losers about how their sacrifice was worth it for society