Economy Comment

Goodbye Europe, goodbye free trade: the new world has won

4 reading minutes
written by Nicolas Jutzet · October 23, 2016 · 0 comment

Free trade is out of fashion, not so much because politicians don't believe in it as because they prefer to lie to the public rather than have the courage to explain the benefits of open markets. The recent example of CETA bears witness to this.

What seemed to be on the horizon with the Brexit has now been confirmed. Europe, once suspected of being divisible, is now divided. The controversy surrounding the CETA (Comprehensive Economic and Trade Agreement), which was to bind the European Union (EU) and Canada, supports this thesis. The EU is an old lady who no longer knows which way to turn. Usually very centralist (which explains some of the disenchantment it has encountered), it sometimes tries its hand at federalism. And of course, it's a failure. How can we believe that a machine that is usually self-sufficient can, on the day it is created, be so self-sufficient?

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Nicolas Jutzet
Nicolas Jutzet

Co-founder of the Liber-thé media, Nicolas Jutzet is vice-director of the Institut libéral in Switzerland.