The Trans-Pacific Partnership summarized:
“One huge flaw is that while classical economics has a fair amount to tell us about the wealth of nations, it doesn’t say much at all about the wealth of the individual people inside the nations. A trade deal that enriches Americans who own lots of shares of stock and Central Americans who own lots of plantation land could easily pass the (low) economic bar of efficiency while still making most people worse off.”
Photo: Bye-bye American jobs
