Why do some people believe free trade is bad?

Some people believe that free trade is bad for various reasons. One of the main arguments is that it leads to the loss of jobs in developed countries. The theory behind free trade is that countries should specialize in producing goods and services that they are most efficient at, and then trade with other countries that produce different goods and services. This leads to lower prices and more efficiency, which over time brings benefits to consumers and businesses alike.

However, opponents of free trade argue that it results in lower wages and job losses, as companies move their operations to countries with lower labor costs. They believe that this leads to a race to the bottom, where workers in developed countries are left with lower-paying jobs and fewer opportunities. They also argue that free trade can lead to a loss of sovereignty, as countries become more interdependent on each other and less able to make decisions on their own.

Another argument against free trade is that it can lead to environmental degradation and exploitation of workers in developing countries. Some critics of free trade argue that it allows companies to exploit poor countries for their resources and labor, leading to inequality and poverty.

Despite these arguments, supporters of free trade believe that it is beneficial for all countries in the long run. They argue that it creates jobs and improves living standards, while also promoting peace and cooperation between countries.