“Free Trade” is a Disaster!
Tag Archives: Outsourcing
America is losing an economic war and doing little to stop it. We must do something to reverse this trend!
The North American Free Trade Agreement (NAFTA) was created on January 1, 1994. It is an agreement between the United States, Canada, and Mexico. This particular “free trade” agreement was supposed to spur an increase in trade, exports, foreign investments, wages and standards of living. Reduced migration and reduced prices for goods were also supposed to result from NAFTA. Unfortunately, no good has actually resulted from NAFTA.
Once the wealthiest city in America, known as the “arsenal of democracy,” Detroit was the fourth largest city in the U.S. in the 1960′s with a population of two million. Now a microcosm of everything that is wrong with the American economy, Detroit has become nothing more than a devastated landscape of urban decay with a population of 714,000.
“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.