Which of the following best explains how a supporter of free trade and market deregulation would counter soros critiques of free markets in the passage?
Question: Which of the following best explains how a supporter of free trade and market deregulation would counter soros critiques of free markets in the passage?
A supporter of free trade and market deregulation might counter Soros' critiques by highlighting the positive impact of free-market policies on global living standards. They could argue that the adoption of such policies by various states in the late twentieth century has been instrumental in improving the quality of life for many individuals. This perspective emphasizes the role of free markets in fostering economic growth, innovation, and efficiency, which in turn can lead to increased employment opportunities, competitive pricing, and a wider array of choices for consumers. Moreover, proponents of free trade often believe that it encourages international cooperation and exchange, which can contribute to global stability and peace. Hence, while acknowledging the potential drawbacks highlighted by Soros, supporters of free trade would likely focus on the broader benefits that these economic policies have historically provided to societies around the world.
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