General Discussion
In reply to the discussion: NAFTA passed on Nov. 20, 1993, on the promise of jobs. Oddly enough . . . [View all]OrwellwasRight
(5,312 posts)Neither did the WTO. So arguing that wages rose from 1994-2000 "because of NAFTA" but fell after 2000 totally unrelated to NAFTA is totally spurious, right?
The real answer is the NAFTA + other trade policies + economic policies affected economic performance, including wages, job creation, working conditions, economic mobility, income distribution, and more from 1994 onward, including today.
Doing more trade deals that increase corporate power and are full of corporate giveaways will exacerbate these trends. Creating new, people-centered trade policies that omit ISDS, address currency manipulation and tax evasion, shun PHARMA's attempts to raise drug prices paid by government-run health care systems, ensure infrastructure investment, etc. could start to curb these trends. The President has said nothing about the TPP that would make anyone believe the TPP will be a transformation of corporate trade policies of the past. And if he wants to show us that it is, he needs to show the text.