Re: (Blinder 2) More on the anti-globalization trend.

"Russell" <Russell.Martin@xxxxxxx> wrote:

On Mar 30, 10:56 am, alexy <nos...@xxxxxxxxx> wrote:
Straydog <a...@xxxxxxxxx> wrote:

I just posted excerpts from a recent WSJ article on Alan Blinder who now
thinks globalization isn't working.

You mean the article that said that "Mr. Blinder... remains an
implacable opponent of tariffs and trade barriers."

Didn't sound to me like he was saying it wasn't working, but rather
was cautioning that the side effects in the form of displacements in
our economy would be much more dramatic than previously thought, and
would require more dramatic solutions than just "retraining programs".
--
Alex -- Replace "nospam" with "mail" to reply by email. Checked infrequently.

Then it isn't working,
Well, if he (Blinder) thinks it isn't working, why would he remain an
implacable opponent of tariffs and trade barriers?

or at least isn't working
for everyone in the way that it was sold to us
said it would.
I think that is more the point he was making. I don't think anyone (of
any credibility) ever said that it would be beneficial for everyone,
but Blinder's point, if I read him right, is that those for whom it
will have initial negative effects are a much larger group than
initially thought.

Kinda like a "miracle drug" that was initially reported to have minor
side effects. If it is later determined that there are major serious
side effects, that doesn't mean that the drug doesn't work, but rather
that its use needs to assessed in light of those side effects, and
EFFECTIVE treatments for those side effects need to be developed.
--
Alex -- Replace "nospam" with "mail" to reply by email. Checked infrequently.
.

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