Most importantly, it became clear that the name "free trade agreement" was itself a matter of deceptive advertising: it was really a managed trade agreement, managed especially for special corporate interests, particularly in the United States.
In his book, Joseph E. Stiglitz critiques the concept of "free trade agreements," highlighting how they are often misrepresented. Instead of promoting genuine free trade, he argues that these agreements primarily serve to benefit specific corporate interests, particularly in the U.S. This mislabeling creates a false impression among the public, suggesting that these agreements are beneficial for all when, in reality, they are strategically managed to favor select entities.
Stiglitz emphasizes that the term "free trade" is more about marketing than actual policy. The agreements often prioritize the needs and profits of powerful corporations rather than fostering equitable trade opportunities for all stakeholders involved. This insight calls into question the motivations behind such agreements and urges a reevaluation of their true impact on economies and societies.
