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More on the ignorant masses

Ryan | 1 01 2008

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Along the same lines of voter irrationality, especially on economics, here is a link to a compilation of polls on issues of international trade. Despite the fact that economic theory such as the logic of comparative advantage demonstrates how global trade is omni-beneficial–that the relative majority of economists agree that freer international trade is healthy–and that all the evidence points to more international trade corresponding with higher living standards, most people in America still believe it is a detriment. The most recent of the polls give you an indication of public opinion: 

NBC News/Wall Street Journal (12/14-17/2007)  

Do you think the fact that the American economy has become increasingly global is good because it has opened up new markets for American products and resulted in more jobs, or bad because it has subjected American companies and employees to unfair competition and cheep labor? 

Good: 28%

Bad: 58%

Equal 11%

Unsure: 3%   

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Economics, Objectivist Content, Trade, international, regulation, sociology
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