Free Trade is a Failure

[FreakinDJ]

Free Trade is a Failure

It is no wonder why our politicians seem to constantly come up on the short end of international diplomatic and economic negotiations. When a ministerial conference is conveyed in Beijing, or Sydney, or Doha, nations from around the world send their top academic minds – after deputizing them into the political system in some way. The United States, meanwhile, sends Ivy League law graduates and a cohort with a lifetime of experience in fundraising and campaigning.

The disparity between U.S. decision makers and their foreign counterparts can be made no clearer than in the area of international commerce.

The United States listlessly engages in “free trade at all costs” as a means of spread prosperity around the globe. Yet it does so while never acknowledging the fact that global growth is accomplished at the expense of the American economy. So-called “free trade” has not been a vehicle for global growth in the past 30 years, it has been the vehicle through which America’s investment capital, productive facilities, and disposable income was relocated overseas.

http://www.economyincrisis.org/content/free-trade-failure

[xchrom]

1. Recommend

[bemildred]

2. Free trade is a racket for giving money to large multinational corporations.

And it sure as hell is not about creating jobs, it's about having as few and as poorly paying jobs as is possible.

[txlibdem]

3. You MUST check out the linked article, especially the cartoon

... love the penguin "explorers" climbing to the summit of Capitalism.

Sir Edmund KRILLery

Admiral Byrd --that one was too easy

Christopher COD-lumbus

Sir Francis Drake --didn't have to change that one either!

:thumbsup:

[FreakinDJ]

4. nice

[txlibdem]

5. Funny *and* instructive: we are a doomed species

If Capitalism is not destroyed immediately.

Kill Capitalism -- before it kills us!

[Citizen Worker]

6. Free trade is about the free movement of capital across international borders but NOT the free

movement of Labor.

[bvar22]

7. Capital will ALWAYS be able to outrun Human Rights.

[fasttense]

8. Free trade is the relocation of our national wealth to other countries

through our corporate aristocracy.

"So-called “free trade” has not been a vehicle for global growth in the past 30 years, it has been the vehicle through which America’s investment capital, productive facilities, and disposable income was relocated overseas."