A Mark Perry Venn Diagram?

by Don Boudreaux on July 28, 2016

in Myths and Fallacies, Trade

I wonder: what percentage of people who believe that the wealth of modern first-world countries is the result of that wealth having been extracted from slaves or colonies (or both) also believe that the wealth of modern first-world countries is threatened when and to the extent that these countries trade with poor countries?

I’ll bet that, among today’s “Progressives,” the percentage is quite high.  And I’ll bet also that a large percentage of these people would still not understand the incompatibility of these two positions even after that incompatibility is explained carefully.

(I thank incoming GMU Econ doctoral student Jon Murphy for a comment that led to the above wondering.)

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