I understand that there are some serious sovereignty problems, environmental and worker rights provisions, etc. but hasn't NAFTA(and other similar agreements) helped the U.S. economy through free trade?
Overall, has NAFTA been good or bad?
I understand that there are some serious sovereignty problems, environmental and worker rights provisions, etc. but hasn't NAFTA(and other similar agreements) helped the U.S. economy through free trade?
Overall trade has gone up, even when you adjust for the amount it would've gone up anyway.
However, Paul Craig Roberts has pointed out since 2004, a theoretical flaw underlying all these trade deals nowadays, which I wrote about here.
http://fauxcapitalist.com/2011/08/21...ay-free-trade/
Free trade is based on David Ricardo's theory of comparative advantage, and for his theory to be valid, the factors of production (including labour and capital), have to be as mobile as the goods being produced.
However, since the end of the Cold War, with previously vast unproductive labour pools in India and China being freed up, and the rise of instantaneous global communications, financial transactions and the Internet -- labour and capital are now MORE mobile than the goods being produced.
But it seems that most economists don't know about the breakdown of the conditions that justified free trade, or they don't care.
Go here and type in NAFTA in the search term box in the upper right hand corner: www.mises.org
"We do have some differences and our approaches will be different, but that makes him his own person. I mean why should he [Rand] be a clone and do everything and think just exactly as I have. I think it's an opportunity to be independent minded. We are about 99% the same on issues." "People Try To Drive Wedges Between Rand And Me." --Ron Paul
http://www.youtube.com/watch?&v=pB5JgzBVHN0
nafta helped take my great levis job in 2002. it is bad.
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NAFTA is an unmitigated disaster for the USA.
“If ye love wealth greater than liberty, the tranquility of servitude greater than the animating contest for freedom, go home from us in peace. We seek not your counsel, nor your arms. Crouch down and lick the hand that feeds you; May your chains set lightly upon you, and may posterity forget that ye were our countrymen.”
- SAMUEL ADAMS
Because of lack of tariffs or something else?Originally Posted by satchelmcqueen
One cannot impose regulations on one's own industry and allow trade with countries unfettered by these same regulations. This is NAFTA, CAFTA and every 'Free-Trade' agreement allowed by our government.
In America today there remains two factions.
The Federalist and the Anti-Federalist.
Neither of the two dominating political parties belong to the latter.
You can't be one and the other..
Watch the documentary United We Fall by Press For Truth.
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The Single Most Important Documentary I've Ever Found
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Ross Perot had some pretty prescient ideas about it...
Bad.
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