Difference between revisions of "The Davos Lie"
From Critiques Of Libertarianism
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[[Category:Class War]] | [[Category:Class War]] | ||
[[Category:Capitalist Harms]] | [[Category:Capitalist Harms]] | ||
| − | {{DES | des = A term coined by [[Larry Summers]]. The old idea that since [[Globalization, Free Trade and Economic Freedom|free trade]] increases overall benefits, the winners could compensate the losers with some of the gains to create a [[Pareto Optimality|Pareto improvement]] where everybody wins. But the real world fact is that this compensation does not occur, increasing [[poverty]] and [[inequality | + | {{DES | des = A term coined by [[Larry Summers]]. The old idea that since [[Globalization, Free Trade and Economic Freedom|free trade]] increases overall benefits, the winners could compensate the losers with some of the gains to create a [[Pareto Optimality|Pareto improvement]] where everybody wins. But the real world fact is that this compensation does not occur, increasing [[poverty]] and [[inequality]] dramatically. | show=}} |
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