Free trade exists when there are no duties or quotas when any business can buy and sell what it wants when and where it wants.
What these people actually want is a government-managed trade, which they prefer to call "fair trade." He implies that wise and incorruptible government officials are necessary to ensure that foolish and dishonest buyers and sellers don't hurt themselves.
-Doug Casey
Read on:
https://www.lewrockwell.com/2016/10/doug-casey/self-identified-elite/