Show Notes
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#Comparativeadvantageassumptions #Tradedeficits #Domesticproductivecapacity #Protectionism #Industrialpolicy #FreeTradeDoesn039tWork
Ian Fletcher’s Free Trade Doesn't Work: What Should Replace It and Why, 2011 Edition is a nonfiction critique of the economic case for unrestricted free trade, written primarily from the perspective of United States trade policy. Fletcher argues that the familiar claim that freer trade reliably benefits all participating nations rests on assumptions that often fail in real economies. Addressing concerned general readers as well as those with some background in economics, he presents an accessible defense of protectionism, industrial policy, and a more national-interest-oriented approach to commerce. The book’s purpose is not merely to describe trade deficits or factory closures, but to challenge the intellectual framework used to treat such outcomes as acceptable or inevitable. Fletcher examines how trade affects employment, productive capacity, bargaining power, and long-term national development. His central contention is that trade policy should be judged by its practical consequences for a country’s economic capabilities and living standards, rather than by an abstract presumption that lower barriers are always preferable.