We’ve already witnessed how harmful “free trade” can be. Under the North American “Free Trade” Agreement (NAFTA) and the Korean U.S. “Free Trade” agreement (KORUS) we’ve seen massive job losses, the decimation of entire industries, soaring national debt, alarming trade deficits, a flood of dangerous imports into our markets and more. We’re even beginning to see a rise in urban decay as businesses close down in big cities, like Detroit, for lack of jobs and the shrinking tax base.
Tag Archives: NAFTA
The average income for the bottom 90% of Americans is just $31,244. Over several decades now wages have staggered and shrunk. While many are pushing for a minimum wage increase to fix this wage inequality in our country, the real solution is to fix our economy through sound trade policies.
For decades now, we have seen our economy struggle to recover jobs that have been lost to outsourcing. We must now come to the reality that our failed trade policies are destroying our economy.
Every sensible country protects its industries and companies from foreign takeover. Protectionism is a matter of self-preservation. Apparently American politicians are neither interested in being sensible nor are they interested in our nation’s economic survival.
The Trans-Pacific Partnership is a “free trade” agreement that, if passed, would unite the economies of Australia, Brunei, Chile, Malaysia, New Zealand, Peru, Singapore, Vietnam, Mexico, Canada and the United States. Even Japan has recently signed on to the negotiations.