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In reply to the discussion: Meet the Father of Free Trade. [View all]pampango
(24,692 posts)47. You are right. We don't live in the same world that FDR did. We live in the world he helped create.
we live, if you will, in the world of post-modern globalization.
Which I think would not surprise the "father of globalization". Of course, he undoubted expected 'globalization' to develop here in the way that as in Europe with domestic protections that he adopted for the US.
There are reasons that liberals supported him then and there are reasons that liberals oppose the tpp now.
It was not my understanding that the OP was directed at TPP but dealt more with 'free trade' which, arguably, is not what TPP is principally about. FDR's ITO went well beyond trade rules to include arbitration of disputes, labor standards, business regulation, investor protection and a commitment to full employment.
I would argue that FDR's approach to trade is very relevant today. If TPP does not much the same, it is not consistent with FDR trade views and should be rejected.
The benefits of the TPP will largely flow to corporations and the wealthy. I can't imagine for a fucking second that FDR would support it.
The benefits of the entire American economy (the 23% involving trade and the 77% that is purely domestic) largely flow the wealthy. We don't change that flow by arguing about trade policy. We change that flow the same way FDR reversed the record level of income income inequality that he inherited - through progressive taxes, corporate regulation, strong unions and a good safety net.
It is hard to imagine what FDR's ghost would think of TPP. My guess is it would take his ghost a long, long time to adjust to the fact that we have regressed back to the republican policies of Coolidge and Hoover (other than the isolationism and high tariffs they promoted) that he worked so hard to reverse.
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Yes, but his trade agreements were about the import and export of real products. They were not
jwirr
May 2015
#1
He heavily taxed corporations and the rich people who owned them and regulated those corporations
pampango
May 2015
#30
Yes, but I don't know that those people will not just leave the country if we try that now. They
jwirr
May 2015
#65
Let em leave and good riddance; they just need to forfeit their assets. That'd be fine with me.
InAbLuEsTaTe
May 2015
#66
They might. Probably not. They have not left Europe, Canada, etc. in any significant way.
pampango
May 2015
#69
Exactly. He wouldn't be very pleased with oil companies getting billions of free dollars
raouldukelives
May 2015
#70
The WTO dates from 1994. GATT was established in 1948. Roosevelt was kind of dead by then.
Scootaloo
May 2015
#59
GATT was part of FDR's ITO. It was supposed to be a temporary organization to facilitate trade until
pampango
May 2015
#64
I have often thought that we would be much better off if each region provided jobs and products
jwirr
May 2015
#68
Who can argue with that? I guess the investor courts and the intellectual property provisions are
neverforget
May 2015
#6
The Father of Free Trade was the first man to be run over by a locomotive
muriel_volestrangler
May 2015
#7
Yes, and that is not, in any form, GATT, the WTO, or free trade agreements
muriel_volestrangler
May 2015
#39
So FDR is irrelevant to the 21st century? Is that the new liberal point of view?
pampango
May 2015
#34
"FDR was the father of modern globalization, a fact that both modern Democrats and Republicans choose
pampango
May 2015
#29
You are right. We don't live in the same world that FDR did. We live in the world he helped create.
pampango
May 2015
#47
Are you insane? Taxes? The repukes are in the process of eliminating taxes on the wealthy and
Elwood P Dowd
May 2015
#77
They are taxed, although as I've said, the regs need to be tightened. As to insanity?
Hoyt
May 2015
#78
FDR used the power of the state to control corporations and the rich. He also proposed
pampango
May 2015
#43
But did he take away tariffs that protected industry using Americans to build products?
cascadiance
May 2015
#46