General Discussion
In reply to the discussion: Why I defend NAFTA on DU, in four charts [View all]jeff47
(26,549 posts)There's many factors at play at the same time. So you can't blindly attribute positive things to NAFTA the moment the ink was dry.
To credit NAFTA for positive events during the dot com boom would require explaining specifically how NAFTA created that boom. And there really isn't any model showing that - the models break down when their other effects did not happen. For example, US exports did not shoot up, despite NAFTA's supporters claims that they would.
But it's pretty easy to show positive events from the dot com boom caused the boom - massive increase in high-paying jobs lead to a lot more spending, and thus the boom.
The fact that the boom was happening at the same time as NAFTA's negative effects covered for NAFTA's negative effects in the "headline" data. The dot-com bust exposed that cover, but also caused its own negative effects at the same time.
Separating those effects out is not trivial, and it's likely not possible to measure them with perfect accuracy.
If you want to explain how NAFTA was good, start with a model of what it did to create the positive events you claim were caused by NAFTA. Then look for evidence that those events actually occurred.