All we have to do is look to examples like NAFTA and KORUS to witness the devastation that “free trade” agreements have on an economy. They send jobs overseas, increase trade deficits and national debt, encourage off-shoring, and allow a flood of potentially harmful imports into our markets. More alarming is that “free trade” agreements take power away from the people, and give it to giant corporations who make billions off of these agreements.
Tag Archives: NAFTA
We have sold such a large number of our companies that we must now live on imports. As a result, the U.S. incurs massive amounts of debt (owned by foreign countries) that can in turn only be repaid by selling our wealth producing companies and assets. This cycle must end. Very soon we will be unable to protect and support ourselves.
The Trans-Pacific Partnership (TPP) has largely been negotiated in secret. This has angered many who are concerned about what damaging details may be included in the deal, and a document leaked today confirms these suspicions. Despite promises from President Obama during his campaign, this document shows that foreign corporations will gain the right to challenge U.S. laws in secret tribunals. This is an affront to American sovereignty and the laws we choose to abide by as citizens.
Free trade agreements have been detrimental to our economy. This is partly because when we negotiate a free trade agreement, we don’t just open our borders to domestic manufacturers in one country, but rather that country becomes a portal for other countries to get their goods into the U.S. market.