(855) 4-ESSAYS

Type a new keyword(s) and press Enter to search

Protectionism


            
             The main goal of free trade is to make trade between nations easier and .
             The way it achieves this goal is by removing barriers such as tariffs, .
             eliminating regulations and dismissing certain standards, which allows the market .
             to balance itself through the pressures of market demands. The free trade .
             system has existed now for just over two-hundred years, beginning just after the .
             industrial revolution. It has been successful in promoting independent action, .
             advancing technology and thus in turn creating wealth. While free trade .
             economics is a major contributor to economic growth, economic growth is also a .
             major contributor to the destruction of our planet. "Due to over consumption and .
             the throw away model of most developed nations, free trade does not allow for .
             very much sustainable development."(Chomsky,N:www.oneworld.org) .
             Many critics of free market capitalism feel that the root of our problem is too .
             many environmental resources are considered common goods or common to all. .
             Common resources are available free of charge to anyone who wishes to use .
             them. The text defines common resources as "Goods that are rival, but not .
             excludable."( Chomsky,N) Because common goods are rival, one person's use of .
             the resource takes away from other people's enjoyment of it. For example back .
             in 1998 when the Ontario Provincial Government granted a permit to remove .
             freshwater supplies in bulk amounts from Lake Ontario. The water was to be .
             removed in bulk amounts and exported to the United States by a private .
             enterprise based out of Salt Ste. Marie. If it wasn't for a mass public outcry and .
             disapproval, this permit to export Canadian fresh water would have opened the .
             flood gates for serious environmental disaster. The free market's principle for .
             supply and demand is inapplicable when dealing with common goods because .
             there is no price attached to them. Therefore overuse and depletion is a common .
             theme when so many of our natural resources are common goods.


Essays Related to Protectionism


Got a writing question? Ask our professional writer!
Submit My Question