Quote:
Originally Posted by Barry-xlovecam
You have to pay to drink at the EU well.
I see a ''trade tube'' in your (UK) future.
Abandoning the NAFTA trade agreements would have the same effects on the USA.
Since I am selling digital goods hopefully our free market globally will continue.
Protectionistic economic theories always have failed -- the American Revolution was in part because of the crown's protectionism forbidding the colonies manufactured goods export to England. England only wanted colonial raw materials exported to England -- see what that got you?  |
The problem isn't the agreements, it's our deficits due to others cheating. So we keep playing a game we'll always lose due to cheats just to stay friends with the cheaters?
Such outcomes include a staggering $181 billion U.S. trade deficit with NAFTA partners Mexico and Canada and the related loss of 1 million net U.S. jobs under NAFTA, growing income inequality, displacement of more than one million Mexican campesino farmers and a doubling of desperate immigration from Mexico, and more than $360 million paid to corporations after ?investor-state? tribunal attacks on, and rollbacks of, domestic public interest policies.
The study makes for a blood-boiling read. For instance, we track the specific promises made by U.S. corporations like GE, Chrysler and Caterpillar to create specific numbers of American jobs if NAFTA was approved, and reveal government data showing that instead, they fired U.S. workers and moved operations to Mexico.
The data also show how post-NAFTA trade and investment trends have contributed to middle-class pay cuts, which in turn contributed to growing income inequality; how since NAFTA, U.S. trade deficit growth with Mexico and Canada has been 45 percent higher than with countries not party to a U.S. Free Trade Agreement, and how U.S. manufacturing exports to Canada and Mexico have grown at less than half the pre-NAFTA rate.
NAFTA at 20: One Million U.S. Jobs Lost, Higher Income Inequality