The Two Faces of Free Trade
Whereas free trade was once the central cause of progressive reformers seeking to combat entrenched interests on behalf of ordinary people, now it is the bête noire of both right-wing nationalists and the mainstream left. To understand why attitudes changed so radically, one must follow the money.
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CAMBRIDGE – Few terms in economics are as ideologically loaded as “free trade.” Advocate it nowadays, and you are likely to be regarded as an apologist for plutocrats, financiers, and footloose corporations. Defend open economic borders, and you will be labeled naive or, worse, a stooge of the Communist Party of China who cares little about human rights or the fate of ordinary workers at home.