We are already well down the road toward a managed-trade regime. It would be far better to acknowledge that reality, and seek a set of reasonable rules, than to pretend that Ricardian trade is the norm and allow mercantilist states to overwhelm U.S. industry and ratchet down wages, in the name of free trade.
Robert KuttnerWhen laissez-faire creates instability, the move to a freer market can be something less than pure gain.
Robert KuttnerAmerican critics of welfare statism are often surprised to learn that countries like West Germany, with a much more comprehensive welfare state and a statistically larger public sector, have fewer government employees per capita than the United States does.
Robert KuttnerTechnological advance often thrives in sheltered and subsidized markets, which defy free trade.
Robert Kuttner