Free Trade
Date Submitted: 01/11/2004 19:57:46
Category: / Law & Government / Government & Politics
Length: 7 pages (1953 words)
Category: / Law & Government / Government & Politics
Length: 7 pages (1953 words)
THE CASE AGAINST 'FREE TRADE'
This essay suggests that the concept of 'free trade' is fuzzily defined and
possesses both theoretical and practical flaws which render it unusable as a
rational basis of government policy making. [For alternative national trade
policies, see http://www/mkeever.com/essay]
'Free Trade' Defined
'Free trade' seems to mean that trade between countries occurs with no
government regulation or restraint. Or, in other words, no quotas, licenses,
taxes, safety …
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…or trample on local concerns while
pursuing the lowest cost and widest markets possible. Sadly, some local
governments actively pursue international companies by suppressing local
practices which might cost more.
Since exporting firms in global competition face basically flat demand
curves, they must meet the price of the lowest cost producers or fail.
Governments which support 'free trade' allow this to occur with resulting
misery for their population. This is a legitimate ground for revolution.
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