The Great Flaw in the Free Trade Theory And Other Vain Beliefs, Hoaxes, and Follies

The Great Flaw in the Free Trade Theory And Other Vain Beliefs, Hoaxes, and Follies 

There are several economic models and political memes that rely on an underlying belief in the natural efficiency and goodness of 'free trade' and 'efficient markets.' One can question whether these ideas promoted certain behaviours, or if certain parties promoted these theories to serve as justification for their policy objectives.

Whatever the case may be, let's take a look at the theories that seem to underpin the virtue of 'free trade,' meaning international commerce with very light national regulations and a centralized semi-autonomous authority as arbiter.