![]() ![]() ![]() In real life, businesses are facing increased competition, and the worker may be laid off because of greater competition. ![]() So we are setting up a “solution” that is at best temporary.Įconomists also tend to look at results too narrowly–from the point of view of a business that can expand, or a worker who has plenty of money, even though these users are not typical. We don’t have infinite resources, or unlimited ability to handle excess pollution. In particular, they miss the point that the world is finite. Unfortunately, economists seem to be guided by their badly flawed models they miss real-world problems. ![]() Globalization seems to be looked on as an unmitigated “good” by economists.
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