Gerald C. Friedman, economics, comments in a news story about why some progressive economists agree with President Donald J. Trump’s policies on international trade. He says the current system of free trade does create winners, but they don’t, in turn, compensate the losers. Without that second step, Friedman says, “free trade becomes a weapon against labor.” Friedman says he would like to see a big push for public investment in the U.S. combines with a broad effort to get international capital flows under control. (The Week, 7/16/18)
Categories