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Are free trade agreements just BS? Isn't power what they are after?

Is anything ever really free?

Posted - June 28, 2016

Responses


  • Yes they're BS

      June 28, 2016 6:58 PM MDT
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  • 3934

    Um...yes and no.

    In the abstract, free trade makes the trading partners better off than NOT trading, or only trading through barriers.

    In the real world, because trading partners are unequal and because some goods/services can be moved or traded much more easily than others (esp. Capital is much more mobile than Labor), "free trade" agreements tend to produce dramatic winners and losers. The major "free trade" agreements which have been ratified in the past few decades have greatly favored trans-national corporations and investors with highly mobile capital assets over smaller local companies, workers (esp. low-to-moderatly skilled workers), and local governments.

      June 28, 2016 7:08 PM MDT
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  • 1264

    Hi Marg, NAFTA {North American free trade agreement} for example with Mexico had nothing to do with trading goods, {I mean really? What does Mexico have that the US. could possibly need} the underlined reason for the US. was it opened up the opportunity for big companies like Pepsi cola just one of many to move production down there and get cheap labor, cheap overhead, it's what started American workers losing their work. 

      June 29, 2016 6:04 AM MDT
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