As an academic point, they don't trade what they want. There are significant restrictions on what they are allowed to trade. They can move goods (like cars and agricultural products, say) across borders without duties and tariffs, but they can't sell, using that example, cars that don't meet emissions standards or GMO crops.
That would certainly make the market appear less free, but I wonder if you think that it makes it less fair? Again. that's an academic question that may or may not be relevant.
Going back to my original question, what guarantees the security of the market?
jpx7 (05-15-2018)
How are the rules enforced? Also, what keeps someone from metaphorically kicking the table over and stealing everyone's money?
I wouldn't classify to free trade as a "rules based system."
But to honest, my knowledge on the subject of global trade isn't as great as I'd like it to be so I don't have much to discuss. I can say that I don't think protectionism is the way to bring growth
No, capitalism is not "a coercive economic system that creates persistent patterns of economic deprivation." It's a system of voluntary exchange that has led to the greatest reduction in poverty the world has ever seen.
https://humanprogress.org/article.php?p=53
acesfull86 (04-24-2018)
acesfull86 (04-24-2018)
LOLGOP
@LOLGOP
May 3
LOLGOP Retweeted memeorandum
Because he was born rich, Jared Kushner has been able to update his financial disclosures more than 40 times.
Because you were poor, Republicans would take away your food stamps or health insurance if your forms are wrong once.
The best way to stop a bad guy with a gun is to make sure he doesn’t get a gun.
Rich envy doesn't belong in the economics thread
Everything is political. Man is, by nature, a political animal.
Anecdotally, you aren’t even able to withhold your own caricatured critiques of “the left”—much less those of your cohort—and maintain your own self-proclaimed “apolitical” standards herein (though you managed to police 57’s commentary, I see). Nothing is apolitical, indeed—but by the looks of it, you’re not even trying to be.
"For all his tattooings he was on the whole a clean, comely looking cannibal."
cool
So you don’t mind undermining your entire pretense for this thread?
"For all his tattooings he was on the whole a clean, comely looking cannibal."
Last edited by jpx7; 05-15-2018 at 08:00 PM.
"For all his tattooings he was on the whole a clean, comely looking cannibal."
economics is math
math isn't political
some political parties understand math better than others
feel free to contribute something