Life at № 42
“In this depressing company of wall-builders, door-slammers and drawbridge-raisers, Canada stands out as a heartening exception. It happily admits more than 300,000 immigrants a year, nearly 1% of its population—a higher proportion than any other big, rich country—and has done so for two decades. Its charismatic prime minister, Justin Trudeau, who has been in office a year, has welcomed some 33,000 Syrian refugees, far more than America has. Bucking the protectionist mood, Canada remains an eager free-trader. It was dismayed by the EU’s struggle to overcome a veto by Walloons on signing a “comprehensive” trade agreement that took seven years to negotiate (see page 38). Under Mr Trudeau, Canada is trying to make amends for its shameful treatment of indigenous peoples, and is likely to become the first Western country to legalise recreational cannabis on a national level.”
Full text: The Economist
Good article, short and to the point. It highlights the importance of free trade- something it seems is nowhere near as well explained and understood as it should be. Of course that’s very much the responsibility of politicians exploiting the issue. They blame manufacturing job losses on free trade when in fact that’s only part of the story. They forget to mention how manufacturing jobs started to decline in the 1950’s with (exceptional) advances in technology and automation. They also don’t explain how free trade has dramatically lowered the cost of just about everything in this world.
I’d love to know, if you’re against free trade, what are your reasons for it? And more importantly, what do you think of what the numbers show overall regarding the benefits of free trade?