FREE TRADE….Max Sawicky takes liberal economists to task for their too-enthusiastic support of free trade:
Liberal economists oddly uphold the sanctity of unregulated markets when trade is involved, but readily accept intervention in domestic markets. We can have a minimum wage in the U.S., but we can’t preclude the import of goods produced under sub-human conditions.
I’m not sure I agree, but then again I’m also not sure that I know enough about trade economics to have an informed opinion. In any case, his question seems at least valid: why is economic intervention OK domestically but not internationally?
