Free Trade is an idea of a global economy in which all participating countries would benefit from no

Free Trade is an idea of a global economy in which all participating countries would benefit from no

Info icon This preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Free Trade is an idea of a global economy in which all participating countries would benefit from not having any tariffs or laws regulating trade. Karl Marx said this of Free Trade, “Free Trade. Is one word, for exploitation, veiled by religious and political illusions, it has substituted naked, shameless, direct, brutal exploitation”. In theory it sounds like a great way to balance out wealth around the world, but there’s a catch. Countries with more wealth have to sacrifice jobs, wages and safety to bring the poorer countries up economically. While at the same time corporation within these richer countries become more powerful at the expense of their fellow citizens. Free Trade in the United States has been going on for centuries with limitations but only for the last 27 years has it continued unimpeded globally. Since the beginning of global free trade the United States has gone from the world’s largest creditor to its largest debtor. Our country is trillions of dollars in debt, constantly being bailed out by Free Trade buddies overseas so they can continue to profit from us. The only people in America, who are making money, and a lot of it, are the global corporations who continue to ship hundreds of thousands of jobs oversea every year to cut cost. This often
Image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern