Rule of Law, or Social Democracy, or National Socialism, or World Communism.
Um. Labor costs are regional and national, while market prices are global. With ‘free trade’, arbitrage means that we seek lower prices and higher consumption at the cost of redistribution of employment from advanced to advancing countries.
How you interpret that fact is determined by whether you seek to bring everyone on earth to an average at the expense of those who are already prosperous, or whether you seek to maintain income equality within your polity for the purpose of preserving harmony.
National Rule of Law, not National Socialism. They result in the same thing by use of full accounting under rule of law.