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“Jesus Christ is free trade and free trade is Jesus Christ.”
So declared Dr Bowring, an English economist, in the middle of the 19th century when people were enjoying cheap imports.
Bowring’s belief in free trade was heavily criticised by Karl Marx who accused him of ignoring the fact that cheap imports were decimating workers in England. Marx argued that workers would eventually not afford cheap products, the very cause of their unemployment and exploitation. Competition was driving wages down.
