“…A recent Pew Research poll found that although 58 percent of Americans felt that free trade benefits the national economy, just 43 percent thought such deals benefited their own families finances. And pluralities of Americans believe that free trade slows economic growth, lowers wages, and leads to job losses.
These are responses that cause economists to roll their eyes. But most of us aren’t economists. We know what we experience—and what most Americans have experienced are many more foreign products on their shelves, a half-decade of weak job growth for Americans, and stagnating or declining living standards for all but the wealthiest.
Economic and political leaders can argue that the nation’s economic troubles are not traceable to free trade—that Americans would have been even worse off if they reverted to protectionism. The trouble is that Americans no longer trust their leaders.”
Once in a while David Frum writes a good column, let’s get that out of the way to start.
Free trade does benefit the economy, I am also inclined to agree that it does little for anyone but the wealthy and corporations.
Ontario is a rust belt, that is the lived experience for many of its citizens.
Yes the Liberal government carries much of that blame for its Luddite energy policy but Federal policy like the TFW program have also left a very sour taste.
I wonder if the NDP surge is more substantial than realized.