{"id":22222,"date":"2016-11-30T21:30:16","date_gmt":"2016-12-01T02:30:16","guid":{"rendered":"http:\/\/olduvai.ca\/?p=22222"},"modified":"2016-11-30T21:30:16","modified_gmt":"2016-12-01T02:30:16","slug":"true-free-trade-vs-free-trade-deals-the-misappropriation-of-freedom","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=22222","title":{"rendered":"True Free Trade vs. &#8216;Free Trade Deals&#8217;: The Misappropriation of Freedom"},"content":{"rendered":"<header class=\"wrapper entry-header page-header\">\n<div class=\"title-with-sep single-title\">\n<h3 class=\"entry-title\"><a href=\"http:\/\/www.cobdencentre.org\/2016\/11\/true-free-trade-vs-free-trade-deals-the-misappropriation-of-freedom\/\">TRUE FREE TRADE VS. \u2018FREE TRADE DEALS\u2019: THE MISAPPROPRIATION OF FREEDOM<\/a><\/h3>\n<\/div>\n<\/header>\n<div class=\"wrapper\">\n<div class=\"grids\">\n<div class=\"grid-8 column-1\">\n<div class=\"single-box clearfix entry-content\">\n<p>One of the most frustrating aspect of those trade negotiations that are sold as \u2018Free Trade Deals\u2019 is that they are not truly \u2018Free Trade\u2019 and, instead, they are just selective liberalisations that work to enrich particular interests, that increase the disparities between those who are endowed with political resources and those who are not, and that work to foster global, systemic trade imbalances (whether that be frustrating, persistent trade deficits or gross trade surpluses). Of course, this leads to advocates of True Free Trade to have a bad name despite the fact that the purist position is\u00a0<a href=\"https:\/\/www.adamsmith.org\/blog\/economics\/trade-restrictions-and-dehumanisation\">the most morally humane<\/a>and efficient means through which to alleviate global poverty, improve peoples\u2019 welfare and tackle corporatist privileges.<\/p>\n<p>Free Trade, broadly speaking, in the purest sense of the term would involve a situation where there are no tariffs, subsidies, quotas and significant trade restrictions such as licensure restrictions (which all work to unduly restrict exports and imports and, thereby, impede the flow of goods, services and income globally). Such a situation would work to alleviate both domestic and global inequalities.<\/p>\n<p>This is because tariffs, subsidies, quotas and licensure restrictions are all, effectively, forms of quantity and\/or price controls and manipulation that impose incentive structures that redirect the expression of demand and supply across the affected markets inefficiently and in ways that they otherwise would not have been expressed in a more \u2018natural\u2019 equilibrium.<\/p>\n<p><strong>Spillovers onto other markets<\/strong><\/p>\n<p>This also has spillover effects on other markets \u2013 for example, targeting particular imports and particular countries\u2019 exports with tariffs, licensure restrictions and\/or indirectly by subsidising competitors\u2019 products domestically will have an impact on other markets as consumers and producers are forced to substitute spending and production accordingly.<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>TRUE FREE TRADE VS. \u2018FREE TRADE DEALS\u2019: THE MISAPPROPRIATION OF FREEDOM One of the most frustrating aspect of those trade negotiations that are sold as \u2018Free Trade Deals\u2019 is that they are not truly \u2018Free Trade\u2019 and, instead, they are just selective liberalisations that work to enrich particular interests, that increase the disparities between those [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[7380,337,482,11225,805],"class_list":["post-22222","post","type-post","status-publish","format-standard","hentry","category-economics","tag-cobden-centre","tag-free-trade","tag-liberalism","tag-special-interests","tag-trade"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/22222","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22222"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/22222\/revisions"}],"predecessor-version":[{"id":22223,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/22222\/revisions\/22223"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22222"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22222"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22222"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}