Friedman Fundamentals: Free Trade

Britain’s conversion to free trade in the nineteenth century allowed the nation to become the workplace of the world. When tariffs were high, consumers turned to the black market to buy cheaper goods. However, once the British Parliament embraced free trade, the economy expanded and standards of living improved.


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[AtomicZombieAndroid]

In general I'm an advocate of free trade but producing a video that only highlights the benefits of free trade does a disservice to the dialogue of this noble cause.

[zwasik]

I clicked on this and i cant go back to the other video-

[staytheknight]

Yeah and the next step which we as a society need to undertake is FAIR TRADE. Cause with free trade you end up taking advantage of other people in other countries.

[shawn]

Chile under Pinochet. Thanks Friedman!