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"The reason we don't have open trade is because everyone thinks we will have massive unemployment or millions of people working in sweatshops. When we have partial free trade, and neither of those things happen, people will say 'what the hell - gimme access to the markets'" Yeah, and people say that a negative income tax is bad because it will have a substitution effect that outweighs the income effect, even though a poverty trap has far worse work disincentives. There will be much drum banging and effigies of LDP members if one were ever implemeted, paticularly with the abolition of a minimum wage. Doesn't mean it's bad, does it, strawman? People ALREADY howl the moon over mamanged trade. Shock therapy for the economically illiterate and sepcial interest groups, I say. Didn't England (GB) become economically great by unilaterally dropping tariffs?
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