Project Syndicate: The New Socialism of Fools by J. Bradford DeLong https://www.project-syndicate.org/commentary/anti-globalization-socialism-of-fools-by-j–bradford-delong-2017-08: BERKELEY – According to mainstream economic theory, globalization tends to “lift all boats,” and has little effect on the broad distribution of incomes. But “globalization” is not the same as the elimination of tariffs and other import barriers that confer rent-seeking advantages to … Continue reading The New Socialism of Fools