Unfortunately, most Americans have never heard of the World Trade Organization (WTO) and its true role. It seems as if the media wants to keep it that way since we never hear about news regarding the WTO. The reality is that the WTO has a great deal to do with the current unfavorable condition of the U.S. economy. Essentially, the WTO can be seen as a contract between 160 member nations that severely restricts the ability of countries, especially the U.S., to handle their own economies and control their own trade. The WTO has proven to be detrimental to our economy.
Tag Archives: economy
Since the implementation of the North American “Free Trade” Agreement (NAFTA), the American economy, which was already stagnating, has gone downhill at an increasing speed. When we examine the details of the “free trade” agreement, it is easy to see why it has caused so much devastation. From toxic imports to the flooding of illegal immigrants, NAFTA has all but decimated the United States.
Our once great nation is falling behind the rest of the developed countries in many areas. One of those areas is our infrastructure. In fact, globally the U.S. ranks 16th in quality of infrastructure. America went from having the world’s most modernized roadways and highways in the mid-1900s to an outdated and hazardous infrastructure today. In 2013 we were ranked 19th and last year we went up 3 spots, not because we have improved our infrastructure but because other countries’ infrastructures worsened. When will the United States actually achieve a higher ranking better because of actual improvement and not because of the failures of other countries?
The United States’ trade deficit is a big problem. This is an ongoing issue with no end in sight as the disastrous so-called “solutions” our politicians propose are actually the main problem. Exports are great, but not at the expense of a flood of job-killing imports. When we open up our borders through “free trade” we do far more harm than good.