Protectionism and Free Trade

So long as governments exist, it is essential that we minimize the ability of groups and individuals to use the power of the state to enrich themselves.

Some Latin American policymakers seem to think China will offer easy terms for loans and trade agreements. They're wrong. China isn't as rich as many think.

Trade agreements have thus become obsolete tokens of negotiation in larger geopolitical disputes, protectionist tools for managing and interfering with global trade flows. 

EU politicians and technocrats like to present themselves as progressive and enlightened policymakers. But that virtuous mask slipped after German auto giant Volkswagen announced that its new facility would be located in Turkey instead of an EU member nation.