The United States is facing economic disaster on a scale few nations have ever experienced. Most people are unaware of the easily observable signs of this crisis, where it came from and how to stop it. While we persist in our superpower mentality, we have quietly become a second-class country in many respects.
Tag Archives: South Korea
A few months ago, South Korea was found guilty of dumping oil country tubular goods into the United States, thus harming our native producers. Dumping is the practice of selling at below cost in a foreign market and making up the difference with subsidies from one’s own government. While this decision is good for us, it is only a small battle in a large war that only needs to be fought because of the “free trade” agreements we are a part of.
Before we practiced “free trade”, we were not as susceptible and we could take easy steps to protect ourselves. “Free trade” is uncontrolled, unrestricted access to our economy, tariff- and duty-free, for goods made in foreign lands for $4 per hour or less. We cannot compete with these wages, so our manufacturers are forced to close up, sell out or leave the country.
With “free trade”, however, we must fight a long, arduous battle to prove that a nation is dumping before we can finally take steps to limit the damage. This has been accomplished, after much effort, for one particular class of good from one particular country. But South Korea is not the only country that dumps, and oil country tubular goods are not the only goods that get dumped.
The United Steel Workers issued a statement in response to the ruling, in which they cogently point out what a project it was to bring recognition to the practice and finally win an arbitration battle. If we were dedicated to fair trade, instead of “free trade”, we would not need the say-so of an arbiter to determine whether or not a nation was dumping and what they were dumping. When we saw the threat, we could react to it quickly.
If we practiced fair trade, not only would the present case have been dispatched long ago, but all other such cases could be handled with equal ease. Instead, we have managed to swat a single mosquito while dozens of others buzz around us, ready to suck out our economic lifeblood.
The only realistic, comprehensive, long-term remedy for our ills is to withdraw from the World Trade Organization, NAFTA, KORUS and any other “free trade” entanglements. Once we regain our sovereignty, we will have the freedom to take the measures we need to get back on the path to prosperity. Contact your Congressional representatives and let them know what needs to be done!
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“Free trade” has harmed America in many ways. What we don’t need are hypocrites with no backbone like our leaders in Washington. Rahm Emanuel pushed for NAFTA and then complained about how bad it was. Then he later pushed for KORUS as Obama’s chief of staff. He is one of these hypocrites.
President Obama took up the South Korea – U.S. free trade agreement (KORUS FTA) as his own, despite the fact that it was negotiated by his predecessor. He promised Americans more jobs and increased exports, despite the fact that studies showed we would actually lose jobs from this agreement.
President Obama has his sights on Asia, where his administration is hoping to pursue yet another misguided “free trade” pact that will dwarf anything we have seen in the past. This president has been adept at building good will around the world, but these efforts have not translated into economic successes at home.