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- Free trade IS fair trade.
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Free trade is when multiple parties come together, exchange goods, and leave better off than before. All parties willing, choose to participate in the trade and are free to leave if desired.
Fair trade is trading with parties that meet certain "fairness" requirements. Like salaries paid, prices charged, and worker/environment treatment. That sounds good, but who sets what is fair? And once fairness is set, you are no longer dealing with diverse nations with their own strengths and weaknesses, but a collection that has many similarities only separated by political lines on a map. Might as well be domestic trade. Not only that, any external constraints set on an open market always results in dead weight loss or inefficiency.
Free trade argues that parties involved in the actual trade dictate what is fair and what isn't. If either party feels it is unfair, then they don't commence the trade! So, free trade is fair trade. - Posted by: doe_z Posted on: 05/17/05 You are currently: a Guest | Members login | Terms of Use
Free Trade Prevails
beselfish | 05/16/05
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I prefer fair trade.
HypnoToad | 05/16/05
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I prefer fair trade
beselfish | 05/17/05
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Free trade IS fair trade.
doe_z | 05/17/05
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Be nice if life was that simple
Dave F_z | 05/17/05
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Damage Control Needed
beselfish | 05/17/05
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Online Wine Sales
moslee | 05/16/05
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That's import law, but most likely yes.
Letophoro | 05/16/05
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My only concern
Michael Kelly | 05/16/05
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One thing though
Jeff Spicoli | 05/16/05
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Re: My only concern
BXLE | 05/16/05
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Slow down there oldy
Jeff Spicoli | 05/16/05
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I;m glad this got a hearing over the "REAL ID" Act
Jeff Spicoli | 05/16/05
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ummm...
doh123 | 05/16/05
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duuuuuuuuuuh
Jeff Spicoli | 05/16/05
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i must have seen more than you
doh123 | 05/16/05
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I agree with doh123.
BXLE | 05/16/05
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Yeah..
Jeff Spicoli | 05/16/05
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Great News!
Roger Ramjet | 05/17/05
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Sweet!
Jeff Spicoli | 05/17/05
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What do you think?
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