"Free Trade" Is Today's Imperialism by the 1 Percent
Building alternatives to free trade must become an essential component of a more progressive US foreign policy.
Date Written: 13/01/2019
Year Published: 2019
Resource Type: Article
Cx Number: CX23235
Principles of "free" trade allow global North corporations to continue the colonial policies that made them their wealth. Alternatives to free trade need to shift power and wealth to the global South to create fairness and progress.
Far from promoting freedom for everyone, "free" trade empowers multinationals from the global North to control the world political economy in two important ways. First, free trade facilitates global North multinationals to maintain the unequal trade they established with the global South during colonialism. This increases inequalities of power and wealth between global North and global South. Second, free trade empowers global North multinationals to plan the world economy alongside global South multinationals, the junior partners of the global North multinationals, and to pit working-class people in the global North and global South against one another.
Thus, free trade is the modern form that imperialism takes.