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Economics

Free Trade's Critics Were Once Its Champions

As free trade's early supporters understood, global integration and social justice don't have to be in conflict.
Win-win.

Win-win.

Photographer: Wang Zhao/AFP/Getty Images

Globalization is clearly under attack, whether we look at trade flows or foreign direct investment. Part of the backlash against free-market policies that followed the 2008 financial crisis, protectionism has been on the rise: 

The irony is that the very forces that are now attacking globalization were historically its fiercest advocates. And the early pioneers of free trade would never have seen the conflict with social justice that today’s opponents claim exists.