Markets: Exploitation or Empowerment?

[Atreus21]

Prof. Davies of Duquesne U lectures on the two camps of opinion on globalization:

1. That free trade causes a consolidation of power of resources and at the expense of the individual.
2. That free trade causes a decentralization of power and greater dissemination of resources among individuals.

He then uses data models to show which of the two camps the data supports.

http://www.youtube.com/watch?v=o5gEceNyp0M&feature=feedf

His conclusions:

Increased trade correlates with increased per-capita income
Increased trade correlates with increased gender equality
Increased trade correlates with decreased child labor rates
In the US, Increased trade correlates with decreased unemployment
In the US, Increased trade correlates with increased wages

See what you think.

My opinion: Is obvious. Free trade in the long term improves everyone's quality of life. My only disagreement with this video is the tail end with that nifty time-based model. He makes a correlation=causation argument.

 

[JSt0rm]

opinion or lock

 

[wuliheron]

Next he'll be arguing that cats and dogs are empowering rather then exploitative and whipping out numbers to support the argument. Either you are allergic to cats and dogs or you aren't. Either they support you or they bite you and no amount of hand waving, smoke, and mirrors can change the fact that they are neither inherently good or bad which is essentially what he is trying to argue.

 

[Atreus21]

Next he'll be arguing that cats and dogs are empowering rather then exploitative and whipping out numbers to support the argument. Either you are allergic to cats and dogs or you aren't. Either they support you or they bite you and no amount of hand waving, smoke, and mirrors can change the fact that they are neither inherently good or bad which is essentially what he is trying to argue.

Oh I see.