Quote:
Originally Posted by piece-itpete
Wiki says: "Free trade is a system of trade policy that allows traders to act and or transact without interference from government."
Artificially devaluing the yuan is government interference in a really big way.
But you are right, as there is not a single government on the planet that does not 'interfere' with traders actions or transactions one way or the other.
Pete
Pete |
My point was much narrower in focus. There's no way that you could get voluntary cooperation from everyone involved in international trade to create a sysrtem that leveled the playing field in any way. That means there would have to be regulation and means of enforcement, be it through governmental or via a cartel.
John