The Trans-Pacific Partnership: What “Free Trade” Actually Means
By: Andrew Gavin Marshall
The following is part 3 of a three-part exclusive series on the Trans-Pacific Partnership for Occupy.com
To discuss “free trade agreements” or the “free market,” we must first identify the theoretical versus the functional definitions of these terms – because theoretical definitions look at what those terms should mean, whereas functional definitions look at what the terms mean actually.
The theoretical definition of a “free market” is one in which every individual actor in the realm of exchange exists in a state of equality of opportunity; where all compete with one another to produce the best products at the cheapest prices for consumers, thus the most innovative and efficient producers succeed while others fail…
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