Free trade is fair trade

The current dichotomy which is being promoted between “fair trade” and “free trade” is utterly nonsensical. Free trade is the only type of fair trade. Free trade empowers the actors considering entering into a business relationship to set their own standards of what constitutes “fairness.” If all parties can come to a consensus where their individual ideas of what is “fair” to them are met, then they move forward with their relationship; elsewise, they abandon…

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Only free trade is fair trade

A unit of currency, even those based on elements with empirical worth, has absolute value. But this value is relative, both against other systems of measurement and in context of time and shifting events. Fiat money, like the American dollar, derives its worth as a unit from government-mandates and regulations, making it much more malleable than non-fiat currency, which is based in a commodity, such as gold, with intrinsic value. Yet, even the values assigned…

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