Therefore, the trade in financial 'products' is destructive and will ultimately prove to be deflationary and anti-growth. A look back through history will show the much-invoked founders of economic and political theory such as David Ricardo, Hume, Spencer, Adam Smith, Aristotle, and Plato, amongst many others, warning that money should never be bought or sold. There are, as the the deregulated currency system is demonstrating, good reasons for this. And further, that increased free trade ultimately creates wealth, jobs, and freedom. This assertion, too, is easily exposed as being fallacious.
Free trade promotes the creation of wealth, jobs, and freedom.
This is a demonstrable lie. Since the fall of the USSR, the push for free trade has gained remarkable impetus. There were, however, thirty new Mexican billionaires created during the same period. More big businesses operating in Australia are owned by foreign transnationals than are owned by Australians. Sir, the purpose of Universities is to advance societal knowledge and therefore society as a whole, not to provide ungrateful corporations with semi-trained graduates.