Re:Exile Economics: If Globalisation Fails
by schmidtleonard on Tuesday August 12, 2025 @06:05PM
(#44882324)
> It's not perfect
See, if anyone who said that took it seriously, or even partway seriously, I would find the prospect of free trade much less offensive. Yet the beneficiaries of "current account deficit equals capital account surplus" squeal like stuck pigs and cry "socialism! communism!" if one even hints at the possibility that they might pay a tax to help counterbalance the extent to which the asset pump / export dump negatively affects employment and drives inequality.
See, if anyone who said that took it seriously, or even partway seriously, I would find the prospect of free trade much less offensive. Yet the beneficiaries of "current account deficit equals capital account surplus" squeal like stuck pigs and cry "socialism! communism!" if one even hints at the possibility that they might pay a tax to help counterbalance the extent to which the asset pump / export dump negatively affects employment and drives inequality.