There are no infinite goods including free trade. Unless you have performed a fu

There are no infinite goods including free trade. Unless you have performed a full accounting such that you have measured the full set of externalities, then how can you blindly state that free trade is an objective good?

When we form polities and construct markets we lower opportunity and transaction costs, and ‘ create opportunities’ – and through competition we seize them, converting a common asset into private goods, producing those private goods both as an individual and common good.

When we trade with external parties in other polities and on other markets, we may or may not by externality produce good or harm.

For example when we are compensating for resource and geographic differences this is hard to argue with.

When we import or export products and services that create vulnerability we also do harm.

When we are engaged in labor discounting then we may or may not be producing good.

When we export advantageous technical knowledge we are surely harm.

When we export medicines we are doing Harm in many ways.

Price is a poor measure of total cost to capital.


Source date (UTC): 2016-08-06 07:45:00 UTC

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