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The phony "free trade" lobby: why the so-called "free trade" lobby is pushing a trade agenda that actually reduces free trade and American independence.(TRADE)(Business Roundtable)

The New American

| May 16, 2005 | Eddlem, Thomas R. | COPYRIGHT 2005 American Opinion Publishing, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Mention "free trade" in any public discourse today, and one is likely to come up with such topics as NAFTA, the Central American Free Trade Agreement (CAFTA), the Free Trade Area of the Americas (FTAA), the World Trade Organization (WTO), and Fast Track Trade authority for the president.

"Free trade" means simply an absence of any government intervention in business. Government intervention can take the form of tariffs and other taxes, trade sanctions, import quotas, regulations, or subsidies. Each of these--including government subsidies--is equally anathema to a free trader because it detracts from the natural efficiency of the free market that produces wealth. ...

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Source: HighBeam Research, The phony "free trade" lobby: why the so-called "free trade" lobby is...