Thursday, May 17, 2001

This is a fair summary of the current movement towards corporate totalitarianism through the use of 'free trade' agreements. Adam Smith would not recognize the trade structures of our time as he always assumed that capital would not move from its national origin. If trade were truly to be made free: 1) labour would be able to move as freely as capital, and 2) trade agreements would not contain new extreme protections for intellectual property. As labour cannot move but capital can, 'free trade' agreements create an advantage for capital over labour (which we can easily see in the increasing disparities in wealth distribution). The extreme protection for intellectual property puts the lie to the idea that these agreements are actually about real free trade.

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