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There is not two schools of thought. An economist made a simple statement that you tried to argue against because you are too ignorant to notice your ignorance.
c'mon b [emoji]128530[/emoji]
even Bernie Sanders in his condemnation of da TPP shot down these points in da video.
YOU DON'T UNDERSTAND WHAT IS BEING SAID IN THE VIDEO. THIS IS BASIC ECONOMICS BEING TAUGHT IN THE VIDEO
Bernie Sanders didn't condemn what is being said in the video, he criticized our trade current policy, not basic economic theory.
Economics policy, especially trade policy take what being said in the video say generally true. They are basic of international trade.
Being protectionist about a certain industry doesn't change the fact that a foreign country might be able to make the same good more efficiently/cheaper. It could be that way for many reason.
It is just that you shape the laws in your country to protect a certain industry. The rub in consumers pay more for the product being produced that they would have otherwise.
Like I said, you are too ignorant on economics to realize how silly your argument is. Geez
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