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It’s a win-win scenario for wealthy people. Poor people always get screwed in any kind of free trade deal, since prices of goods always rise to the highest poss
by bsoqk 15d ago
It’s a win-win scenario for wealthy people. Poor people always get screwed in any kind of free trade deal, since prices of goods always rise to the highest possible point in the entire free trade zone.
- preisschild 15d agoThat is just not true. FTAs lower trade barriers on imported goods, leading to consumer welfare gains from increase in product variety, better quality products and lower prices for existing products. https://www.europarl.europa.eu/topics/en/article/20161014STO47381/eu-free-trade-agreements-key-deals-and-the-negotiating-process https://www.europarl.europa.eu/topics/en/article/20161014STO...
- bsoqk 15d agoThat’s as if you linked an article from Meta that says Facebook is good for you. Please, I live in Spain. I know what getting screwed with prices looks like.
- preisschild 15d agohttps://en.wikipedia.org/wiki/Comparative_advantage https://en.wikipedia.org/wiki/Comparative_advantage