Free trade is mostly the redistribution of forms of wealth from buyer to seller. The sellers, for example, receive the primary benefit of compensation for their capital and labor. The buyer must perceive a benefit also to induce him to enter into the transaction. But that relative benefit can be, and often is, very small. A one-cent reduction in price brought by increased "free trade" can be the total amount of the benefit to the buyer. | Free trade is mostly the redistribution of forms of wealth from buyer to seller. The sellers, for example, receive the primary benefit of compensation for their capital and labor. The buyer must perceive a benefit also to induce him to enter into the transaction. But that relative benefit can be, and often is, very small. A one-cent reduction in price brought by increased "free trade" can be the total amount of the benefit to the buyer. |