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Without trade rules, Third world countries will over take the West. They can rely on low wage workers to manufacture the goods and beat you on price.
Then build up their industries to over take us. Then improve their research and development until they're on a level the superior to you. So you no longer have companies in the West making goods, unless they are owned by a Third World company.
So much for the history lesson. This is what has happened.
But don't worry the 1% will do well out of it. They will then sell their goods to the Chinese, India, Brazil, South Korea, etc. As Steffan said you would be a fool not to keep sending jobs to those countries. </sarcasm>
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