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 OZschwitz: Forget the spin, 'free trade' is cover for dubious special deals

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PostSubject: OZschwitz: Forget the spin, 'free trade' is cover for dubious special deals   Sat Mar 03, 2018 5:19 pm

You may think spin-doctoring and economics are worlds apart, but they combine in that relatively modern invention the "free-trade agreement" the granddaddy of which, the Trans-Pacific Partnership, is presently receiving CPR from the lips of our own heroic lifesaver, Malcolm Turnbull.



It's not surprising many punters assume something called a "free-trade agreement" must be a Good Thing. Economists have been preaching the virtues of free trade ever since David Ricardo discovered the magic of "comparative advantage" in 1815.

https://www.smh.com.au/business/forget-the-spin-free-trade-is-cover-for-dubious-special-deals-20180302-h0wvw7.html
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