Since the passage of NAFTA, the American economy, which was already stagnating, has gone downhill at an increasing clip. When we examine the details of the “free trade” agreement, it is easy to see why it has caused so much devastation.
Tag Archives: Outsourcing
“Free trade” would more accurately be called “freedom for other countries to undercut and destroy American domestic production” because in practice that is what is happening. This is an undeniable fact that should be obvious to any consumer or business in this country. Very little of what is consumed here is made by American-owned companies operating in America. This was not formerly the case, and it was not how the wealth of this country was created.
America was once a prosperous country that was looked upon with envy by foreign nations. In the 1950s our economy was strong and the future looked promising. Our infrastructure was expanding and industrial production was booming. Clearly, we were on the right path. In the past, we produced over 90% of the goods we consumed. Our survival depended solely on the strength of our citizens—the way it should be.
“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.
Unfortunately for us, many of our “free trade” agreements have resulted in closed factories, soaring unemployment, and some communities engulfed in misery.