Free trade Agreements
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There is a lot of talk among the ruling class of different nations about Free Trade Agreements, to dissolve existing treaties, or to create new ones, but none of them will ever benefits the majority of the workers of the world, they will only benefits the bourgeois class. Capitalism will never be beneficial for the working class
Free Trade v Fair Trade
Alongside the clash of economic interests there was an ideological battle between the partisans of “free trade” and those of “fair trade”.The ideology of “free trade” (no restrictions on imports or exports) has been part of conventional economics since David Ricardo propounded his theory of “comparative advantage” in 1817. Ricardo took as an example Portugal as a producer of wine and England as a producer of “cloth and hardware”. While Portugal could produce cloth and hardware and England wine, neither could do so as cheaply as the other; if they did this there would be a waste of resources compared with what would happen if Portugal specialized in wine and England in cloth and hardware. This was because, said Ricardo, the cheaper wine produced in Portugal and the cheaper cloth and hardware produced in England could then be exchanged for more of each other. Both sides would be better off.
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