As the Trans Pacific Partnership (TPP) and Trade Promotion Authority (TPA) start slipping out of the shadows, more and more terrifying information is coming out. If you haven’t heard of the Investor State Dispute Settlement clause (ISDS), it’s because no one is talking about it. It essentially trumps any and all federal, state, and local U.S. regulations that are deemed “a trade barrier” and strips us from the sovereign right to govern our own affairs.
Tag Archives: NAFTA
Since the North American Free Trade Agreement passed, employment in the textile industry has declined by more than 80 percent over the past decade. According to the Bureau of Labor Statistics, the industry went from having 900,000 jobs to fewer than 150,000. What kind of jobs did the textile industry provide for America? Good paying jobs with benefits, paid time off, and stability. Now, cut and sew apparel contractors and other apparel manufacturing jobs have been shipped overseas where wages are slim to nothing.
Detroit was once a manufacturing giant—the 4th largest city in the United States, with a high employment rate and brimming with blue collar jobs. Now its unemployment rate hovers above 16 percent, and its population has shrunk so now it is only the 18th largest city. This quick erosion of the tax base has left Detroit with $18 billion in debt and no hope of recovery in sight. This caused the city of Detroit to declare bankruptcy.
“Free Trade” is a Disaster! When will we wake up to the realization that some of the agreements we have signed—most specifically our agreement with the World Trade Organization (WTO) and our agreement with Canada and Mexico, the North American Free Trade Agreement (NAFTA)—are preventing us from doing what is in our best interests? Currently, we are being controlled and directed–told what to do–by other nations, for their benefit and to our detriment. Our current direction in so-called “free trade” is not just hurting us–it is destroying us.