A Critical Review of Modern Free Trade: AnIndictment of the Exploitative MechanismBehind the Free Economy

Abstract

While modern free trade has made the whole world a global village, it has also created
various economic, social and moral problems. Free trade culture is crushing the rights of
workers, indigenous peoples and small entrepreneurs to fill the coffers of multinationals. The
colonial powers used trade as 'State Diplomacy' to launch military campaigns against
underdeveloped countries. Artificial demand for goods is created through advertising in
electronic, print and social media. Due to the expansion of markets and the maximization of
goods, illegal means are adopted to increase the number of consumers. In order to sell their
weapons, developed countries wage wars among third world countries. Multinational
corporations destroy market freedom by artificially manipulating the natural forces of supply
and demand. Dangerous shocks are given to the economy of developing countries through
dumping and subsidies. Similarly, the transfer of technology is completely blocked by patent
and trademark restrictions. In this commercial culture, environmental protection is usually
not adequately organized. By establishing their own monopolies on the market, the people are
robbed. Because of this imbalanced free trade, most of the poor countries have turned into
consumer societies instead of producers.