Mainstream left has abandoned their free trade heritage: Wooldridge
In a seismic shift, the mainstream left is abandoning its once-cherished embrace of free trade, heralding a new era of economic interventionism. From Biden's trillion-dollar subsidies to Europe's struggle to match protectionist measures, the landscape is changing. Left-leaning economists decry globalization's inequality, while policymakers tout industrial policy and strategic alliances. Yet, as history reveals, the left's roots in free trade run deep, urging a reevaluation of current policies and a return to the enduring principles of peace and prosperity.
Sign up for your early morning brew of the BizNews Insider to keep you up to speed with the content that matters. The newsletter will land in your inbox at 5:30am weekdays. Register here.
By Adrian Wooldridge
The most striking change in economic thinking on the mainstream left is the end of its romance with free trade.
___STEADY_PAYWALL___