Though it didn’t generate much news, I want to discuss an important summit meeting that was held in Toluca, Mexico a few weeks ago. The meeting – to figure out how to replace the North American Free Trade Agreement, aka NAFTA – included the Prime Minister of Canada, Stephen Harper; the President of Mexico, Enrique Peña Nieto; and our own Barack Obama. You see, while NAFTA is credited with producing over $1 trillion in trade each year, it counts trade that would’ve likely taken place anyway. And now that NAFTA is 20 years old, it’s easy to see that it was a job killer. In fact, NAFTA was a stepping stone on the path that sent record numbers of American jobs abroad. So NAFTA is currently slated to be replaced by a secretive, 12-nation Trans-Pacific Partnership (TPP). This partnership would continue to integrate the United States’ economy with our two closes neighbors, in addition to a group of Asian nations. And the global elites are intent on pushing this agreement through. That’s because multinational corporations love predictability, and they love to create barriers to entry for smaller competitors – which is exactly what these so-called free-trade agreements do. In reality, they’re more about “managed trade” than free trade. We haven’t really had free trade in decades.
Posted on: Tue, 11 Mar 2014 07:49:18 +0000
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