The case of open trade – and why it is such a bad idea

Open trade bad idea

Free trade is a heatedly debated issue in politics and the media. Those who oppose the idea of open trade between countries usually come up with the argument that comes down to something like this: ‘as a result of open borders, we lose jobs to those foreigners, and our factories are relocated elsewhere’. The suggested remedy is then that if borders are closed by upholding trade barriers, the jobs will come back, and the factories remain. Another often heard complaint is that so called regulatory competition will lead to a downward spiral: countries with the most flexible rules on product standards, labour regulations or environmental issues will attract most companies and be successful as a result of open trade.

As simple, safe and convenient as it sounds, such arguments are hardly convincing.

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The problem of democracy – and what we need to make democracy great again

DemocracyWhile democracy is often portrayed as a hard earned freedom and a prerequisite for being a well faring nation, it most certainly has a downside. Recently, we have seen plenty of examples in which democratic processes were used in a counterproductive way. For instance, the British referendum on the EU, the Dutch referendum regarding the association treaty with Ukraine, and the Republican nominee for the upcoming U.S. precedency can hardly be regarded as good examples of how democracy could contribute to better governance. Democracy in itself is not right nor wrong, it is the way people handle it that is. Constitutional protection and good citizenship should make democracy work.

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