On Wed, 12 Mar 2008 03:39:44 -0400, "Ed Huntress"
wrote:
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Have you ever heard of a case where it works?
snip
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It all depends on what you mean by "works" and for who.

If you mean a better standard of living for the population in the
aggregate, then not only no -- but HELL NO.

If you mean a huge increase in the absolute and relative wealth
of the richest 1% then "comparative advantage" has been an
outstanding success over the last 20 years right here in the USA.

It is exactly here that "the wheels come off." We are attempting
to operate one country containing two separate worlds.


Unka' George [George McDuffee]
-------------------------------------------
He that will not apply new remedies,
must expect new evils:
for Time is the greatest innovator: and
if Time, of course, alter things to the worse,
and wisdom and counsel shall not alter them to the better,
what shall be the end?

Francis Bacon (1561-1626), English philosopher, essayist, statesman.
Essays, "Of Innovations" (1597-1625).