19. A little history would be useful. Regulations are reaction to Colonial
past in which ownership of the economic heights in many of these countries was in the hands of foreign potentates in Turkey, England or France.
The U.S. and other former colonial empires are the ones that have been persistently pushing free-trade principles on the globe to their strategic advantage, while blocking free-trade when it was not convenient.
The U.S. standard of living is heavily subsidized by countries all over the world as a result of Terms Of Trade which are balanced to favor us: i.e. we buy low and sell high as a result of our military and economic power and dominant role in shaping the terms of globalization.
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