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I was expanding the list of things that make markets "non-free". Before various "free trade" agreements it would have been impossible for capital to have been
by PaulDavisThe1st 3y ago
I was expanding the list of things that make markets "non-free".
Before various "free trade" agreements it would have been impossible for capital to have been moved to other countries, used to build facilities there, and then repatriate the profit. Now, in many cases, that's completely legal (and one might even say "encouraged").
The EU provides us with an example (sadly the only one I know of) where free movement of capital and profit was coupled to free movement of labor.