Social Sciences and History / Unit 15 SSH 1435 short lesson, about 20 seconds
Disruption's Price and the Cushioning Role
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The idea
International trade has income-distribution effects; all competitive market forces, domestic or international, are disruptive. Government has a role in cushioning workers against the disruption. But clamping down on foreign trade would be as unwise as clamping down on new technology, since disruption brings benefits.
In practice
Disruptive market change reshuffles winners and losers.
Where people slip
The conclusion is the anchor's, attributed.
Your place on the trail
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