... "universal good". One argument against FT is that tariff revenue is a legitimate source of finance for governments, which of course it is but how does this help countries who live on less the 64p a day? Their defence is that international economics is not just about raising global efficiency, the tariffs protect their own countries job security: if FT was observed, the competitive nature of the market would lead to domestic unemployment. However this structural unemployment could be used to an over all advantage, the subsidised jobs could flow towards the developing world where they are desperately needed or re-trained and put back into work within the native country as was done with de-industrialisation. However the utilitarian view of greater good in this fashion is hampered by domestic opinion and therefore political action and "good will" will become somewhat more localised. It is human nature to protect yourself over ...

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