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Trump’s inauguration felt like the funeral of someone important and beloved.
It was never a mystery who the winners and losers of free trade would be. Classical economic theory had long predicted that free trade would increase the wealth of the wealthy while making less-educated Americans poorer, a concept referred to as the “distributional effects” of free trade. Free trade threw American factory workers into economic competition with some of the hungriest workers in the world. But it offered untold wealth, market access, and investment opportunities to U.S. corporations.
About 40 percent of the workers in the factory were black, according to estimates of people who worked there. The same cannot be said of the corporate boardroom.
Yet death comes so much more easily to the pauper. A prince would have gone to the hospital when he had chest pains. A prince would have had health insurance.
