General Discussion
In reply to the discussion: Meet the Father of Free Trade. [View all]joshcryer
(62,536 posts)And not now? When the world is 100x more interconnected and 90% of the goods you buy on a given day are made in foreign countries? Really?
The means of production have not changed substantially. Shit, even FDR was a multi-millionaire back then. The only substantial difference is that the income gap is larger but it's hardly significant enough to merit defending world trade then vs now.
I think FDR fucked up at Bretton Woods. Big deal. If he went with the International Clearing Union concept that Keynes proposed we probably would not be looking at the same income / wealth gap that the world is experiencing.
But regardless the gap is closing (yes, it is closing), making it academic at this point. What's done is done.
FDR fucked up and there are repercussions to this day. So what. People are fallible. Can't we just accept history and not bury our heads in the sand?