The standard economic model treats free trade
as obviously positive, creating prosperity for all participants.
Conservatives, and most neoliberals, have embraced that view and
consistently press for further liberalization while condemning as
backward and reactionary “protectionism” any proposed obstacles to the
free flow of goods and services. But the model is incomplete, and blind
allegiance to it only weakens the U.S. economy and the health of the
international trading system as a whole.
Labels: China, free trade