THE LOVE OF FREE TRADE: A LETTER TO THE ECONOMIST (October 17, 2011)

As you argue, it has long been understood that free trade has winners and losers, but that it still benefits all countries, making it an international ideal worth fighting for (”Who’s Afraid of the Dragon?” October 15, 2011). The latest move against Chinese imports by the American Senate thus runs against economic logic. Consumers gain more than unemployed workers lose, and it is a question how to help them find other jobs. “China-bashing, always popular in Congress,” you point out, “has become more so as America’s job market has struggled.” Yet, China-bashing is a bit more than ten years old. Until twenty years ago, Japan-bashing was long popular in Congress. It appears that the love of free trade has been on a steady decline in America ever since it has reached its economic peak in the Seventies. As far as trade is concerned, economic logic will perhaps forever remain the domain of top dogs only.