tl;dr: The protection of domestic social production in free trade agreements works with Degrowth and ensures peace through trade
Since David Ricardo, mainstream economics favors free trade over economic isolationism when it comes to increasing the »wealth of nations«. Although Paul Samuelson’s notable criticism on some aspects of free trade all but left a minor dent in this believe. The potential downsides of free trade, so the consensus goes, can be managed by (i) allowing for innovation and structural change, (ii) by increasing employability and enabling lifelong learning, as well as (iii) by redistributing globalization gains more equally within a country through taxation.… Read more