General Discussion
In reply to the discussion: Obama is determined to push the TPP through despite opposition [View all]madville
(7,404 posts)I view trade deals like income inequality. The US and China are the rich guys on the block (even though the credit card is used quite a bit by the US, we're still in the upper-class). Then you have middle-class countries and lower-class countries.
So how do you fix income inequality? You bring the upper-class down a few notches and bring the lower-class up a few notches, hopefully meeting in the middle. That's the way I see trade deals, it will bring the US down a few notches while bringing some lower-class countries up a few notches.
The problem is, the upper-class in the US doesn't take the hit if we fall down a notch or two as a whole on the world stage, the lower and middle classes in the US take the hit through job losses, devalued currency, etc.