rayestu

Following my previous post about English football’s Dutch Disease problem here http://rayestu.blogspot.com/2013/05/why-three-lions-wont-have-too-many-more.html , I will further elaborate my thought on footballonomics. Most sane economists would tell you that free trade is good for countries. It makes countries produce more of what they can do better than others and import what they can’t, a much more efficient way of doing things.  It lets people get higher standard of living as they could buy foreign goods (presumably of better quality) at a cheaper price. It destroys cartels and monopolies and induces more competition among producers, for the benefit of consumers. It provides business opportunities for a lot of people as they can sell their products abroad easier. And many more. It might be bad for domestic producers who cannot compete, but even opponents of liberalism would yield that free trade is at least good for consumers.   The key is that there is two parties in the d