Group items tagged inequality - Econ Teachers

shared by Seth Roberts on 30 Jan 11 - No Cached

Adam Smith may seem unremarkable. But here is Dominique Strauss-Kahn citing the great man in November 2010: “The disposition to admire, and almost to worship, the rich and the powerful and…neglect persons of poor and mean condition…is the great and most universal cause of the corruption of our moral sentiments.”
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shared by Bret Willhoit on 26 Feb 11 - No Cached

shared by Judy Girard on 02 Dec 11 - No Cached

shared by matthew_nogrady on 19 Apr 14 - No Cached

In general, trade deals today are markedly different from those made in the decades following World War II, when negotiations focused on lowering tariffs.
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Today, the purpose of trade agreements is different. Tariffs around the world are already low. The focus has shifted to “nontariff barriers,” and the most important of these — for the corporate interests pushing agreements — are regulations. Huge multinational corporations complain that inconsistent regulations make business costly. But most of the regulations, even if they are imperfect, are there for a reason: to protect workers, consumers, the economy and the environment.
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recent trade agreements are reminiscent of the Opium Wars, in which Western powers successfully demanded that China keep itself open to opium because they saw it as vital in correcting what otherwise would be a large trade imbalance.
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