A documentary on the well known tale of the rise and fall of Detroit, as it pertains to the free trade market.
Tag Archives: Outsourcing
“Free trade” agreements may not be intended to cause class warfare, but they have had the effect of further enriching the wealthiest in our country while driving many previously middle class citizens into subsistence-level service jobs. These agreements weren’t put into place by an outcry from a public begging for more trade, and they certainly haven’t been maintained because of it.
When the Soviet Union fell, the world rejoiced and the Cold War ended. Some predicted an “end of history” and smooth sailing from there on out. Reality has been very different, because just as the Cold War was ending, an economic war with China was beginning. In truth, it has not been much of a war; more like a one-sided slaughter. The reason for this is the United States will not wake up, does not even want to acknowledge the war has long since begun and it is losing.
The United States was once considered rich. We accumulated abundance throughout most of the twentieth century. We were a very productive country whose wealth, to a great extent, derived from manufacturing. Our companies invented and produced many of the things we needed and much of what the rest of the world consumed.
Americans are deceived into believing that they benefit economically from outsourcing, offshoring production and an unprecedented trade deficit. In reality, the United States giving up its wealth for plastic trinkets and outsourcing is the cause for rising poverty and joblessness all across the nation.