Wednesday, January 16, 2008

New York Times advocating Free Trade??

OK, I lived to witness this... NY Times publishing an op-ed in support of Free Trade: "What to Expect When You’re Free Trading" (by Prof Steven Landsburg).
It's probably in response to the wacko idea of compensating people for job losses due to free trade and outsourcing. What's worse is that even candidates looking for the conservative vote advanced this crazy, populist theory.

From Prof Landsburg's article: Suppose, after years of buying shampoo at your local pharmacy, you discover you can order the same shampoo for less money on the Web. Do you have an obligation to compensate your pharmacist? If you move to a cheaper apartment, should you compensate your landlord? When you eat at McDonald’s, should you compensate the owners of the diner next door?

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