Why free trade is wrong

For many years, the debate between free trade and fair trade has been ongoing, and it has been one of the stalwarts of economic argument recently, in an ever changing field. Free trade proponents across the world argue that it is a viable policy to ensure a level playing field between all manufacturers, and to therefore grow the economies of developing countries through increased competition and increased production. However, it could be argued that the ramifications of free trade outweigh its benefits, and it is for this very reason that I am an advocate of fair trade, not free trade. Free trade has several disastrous repercussions attached to itself, including environmental degradation, poor working conditions, and the loss of jobs. These points mean that free trade can never be morally, or indeed economically justified. Continue reading “Why free trade is wrong”