Hey, Fat Cats: Recruit Allies!

Free trade benefits everyone, but if it's to thrive, the biggest winners need to give others more of a stake in the game

When a high school student in New Jersey challenges you on a topic that used to be the province of specialists, you sit up and take notice. "I'm against free trade," said the student, in a class I taught this month, and I think I know why. Like many others among the idealistic young, he's convinced that free trade diminishes the standard of living of those in the developing world. On campuses throughout the U.S., that has become the conventional wisdom: free trade, which is the motor of globalization, drives down wages, promotes sweatshop and child labor and is, broadly speaking,...

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