The Divide: Global Inequality from Conquest to Free Markets
Much of what free trade has brought about is what gets called “the race to the bottom,” the quest for the cheapest possible wages or agricultural production, with consequent losses on countless fronts. The argument is always that such moves make industry more profitable, but it would be more accurate to say that free trade concentrates profit away
... See moreRebecca Solnit • Hope in the Dark: Untold Histories, Wild Possibilities
Since time immemorial, the overwhelming majority of the earth’s inhabitants have owned more or less nothing: the clothes they stood up in, some bowls, a pot and a pan, perhaps a broom and, if things were going well, a few farming implements. Nations and peoples remained consistently poor, with global GDP not growing at all from year to year. The wo
... See moreAlain De Botton • The School of Life: An Emotional Education
The Rise and Fall of the Neoliberal Order: America and the World in the Free Market Era
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Much of what free trade has brought about is what gets called “the race to the bottom,” the quest for the cheapest possible wages or agricultural production, with consequent losses on countless fronts. The argument is always that such moves make industry more profitable, but it would be more accurate to say that free trade concentrates profit away
... See more