AskProfWolff: Why Free-Trade vs.. Protectionism Is Not Our Fight

A Patron of Economic Update asks: "The two main positions on this issue are of course protectionism vs free trade, but I am confused because I've heard socialists advocate for both positions. Bernie Sanders has repeatedly condemned free trade deals like NAFTA, citing all the job losses that it created. Naomi Klein has spoken of the success of developmentalism in Latin American countries like Chile decades ago, with policies such as high tariffs, a focus on industrialization, and generous subsidies and social spending to aid growth and keep people afloat. However, on the other hand, I've heard Professor Wolff and other left wing and socialist people condemn economic protectionism because it creates international tensions and can raise prices.My main question is, is there any real consensus on trade on the left? And if so, what is it?"


AskProfWolff is a @Democracy At Work production. We are committed to providing these videos to you free of ads. Please consider supporting us on Patreon.com/economicupdate. Become a part of the growing Patreon community and gain access to exclusive patron-only content, along with the ability to ask Prof. Wolff questions like this one! Your support also helps keep this content free to the public. Spreading Prof. Wolff's message is more important than ever. Help us continue to make this possible.


Learn more about Prof Wolff's new book, The System is the Sickness: When Capitalism Fails to Save Us from Pandemics or Itself, available now at www.democracyatwork.info/books

"Richard Wolff in his new book examines frightening and anti-democratic configurations of corporate power, offering not only a blueprint for how we got here, but a plan for how we will rescue ourselves and create new models of economic and political justice.” - Chris Hedges


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