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?"

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"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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