The free market CATO Institute is blasting the TransPacific Partnership (aka Obamatrade) for giving “special privileges to foreign corporations” that will “encourage outsourcing” and put American businesses at a competitive disadvantage. If that weren’t bad enough, the think tank says Obamatrade also gives bailouts to corporatist insiders and undermines the rule of law and national sovereignty.
Monthly Archives: March 2014
The United States is in need of better leadership. Many former American presidents and leaders implemented active industrial policy geared toward manufacturing at home, and this policy tended to work. There are inspiring examples of U.S. directorship on both sides of the aisle, and they go all the way back to the birth of our country. Since then, the most successful leaders we’ve had have made a point to protect American businesses first and foremost.
Due to decades of failing trade policies we have jobs that have left our shores, our manufacturing sector has been decimated and our infrastructure is crumbling beneath our feet. We cannot stand idly by and allow these policies to continue. Much of this has been because of our membership in the WTO and our “free trade” agreements.
American politics are dominated by two Goliaths: the Democrat and Republican parties. The most common opinion running through the public is that neither party is trustworthy and working for the best interests of Americans. That’s not a surprise. As any economist can tell you, when a field is dominated by two members, cartels are easier to form.
When foreign countries own companies and businesses that many American’s purchase goods from, all of that money that would be going back into the U.S. economy is now going overseas. This leads to devastating consequences as we’re seeing now, with job losses and unsettling unemployment. It is also placing the United States in a position where we’re coming to rely on foreign governments for our needs.