system
Given the following post, respond as if you're commenting on Reddit:
human
CMV: Free trade is equality for the world. The people who oppose it is no different than the greedy 1%
gpt
Free trade makes economic conditions all over the world converge. However, owners are the most likely to benefit the most from free trade since ownership is the most mobile form of capital. Therefore all other factors have to bend over backwards to accomodate the interests of the owners: that way, a race to the bottom starts where countries have to offer the lowest possible social, environmental and labor standards to attract capital. Even though this will eventually decrease demand and reduce profits, this will cause capital to become even more scarce, exacerbating the race to the bottom. So it will requires a conscious policy of international agreements to mitigate that.