President Clinton liked free trade. Most of the present Democratic candidates do not. This has caused some dissatisfaction among liberal commentators (such as those at the New Republic) who understand economics and the benefits of free trade. Restrictions on free trade, however, are not necessarily a bad idea.
It is clear that free trade is good on a local level. Imagine that Chicago decided to prohibit any imports to the city, and thus had to grow its own food, build its own cars, and so on. Even after the transition to this new economy, the people of Chicago would be much worse off than before. Free trade between countries occurs on a much bigger scale, but that does not eliminate its benefits.
Unfortunately, however, free trade has a disadvantage -- it denies opportunities to the unskilled by shipping their jobs abroad. Thus, free trade is good for the economy, as it increases our society’s wealth; but can be bad for less skilled workers. The answer? The obvious one is to have the government encourage and subsidize education, so no one has to rely upon dead end jobs; and to have a “safety net” for those who nonetheless fall through the cracks.
In the present conservative political climate, however, the government seems unconcerned about people who are “falling through the cracks.” Thus, free trade may be making our society richer while making the poor poorer. Under such circumstances, it is not irrational for the Democrats to favor restrictions on free trade. Such restrictions will reduce our country’s wealth, but may also benefit the less skilled. This is not the best way to benefit the unskilled, but in the present political climate it may be the only way.