Managed trade leads to tough questions

If you're an agent of the State in charge of managing other persons and their well-being, you often have to answer tough questions. Carl Mortishead illustrates this while discussing "fair trade" and the granting of preferential market access (a.k.a. preferential protectionism):

Consider the hue and cry over China’s surging clothing exports and be aware that Sri Lanka has lost a quarter of its share of the European Union T-shirt market since textiles quotas were abolished in January. Who should get that job at the mill? The Sri Lankan or the Chinese?

For more on the effects of preferential market access, see my latest entry at Exploit the Worker.

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