Re:Even the Rich Are Being Priced Out of Central London
by billmalarky on Friday September 02, 2016 @04:34PM
(#12416072)
Free trade maximizes GDP at the cost of further wealth inequality within the closed system of a nation.
There's a tipping point coming fairly soon where voters will logically prefer the short term benefits of protectionism vs additional inequality.
If capitalists want to continue down the path of free trade, they better be prepared to redistribute the additional wealth generated. That or find a way to disenfranchise a whole lot of pissed off citizens.
There's a tipping point coming fairly soon where voters will logically prefer the short term benefits of protectionism vs additional inequality.
If capitalists want to continue down the path of free trade, they better be prepared to redistribute the additional wealth generated. That or find a way to disenfranchise a whole lot of pissed off citizens.