"Free Trade" is a SCAM. It always has been. [View all]

[bvar22]

There is no such thing as "Free Trade". It does not exist.
The Giant Invisible Hand of the Market Place is also a Fairy Tale.
"Free Trade" is code for removing ALL the regulations on International Trade that were put in place to restrain Corporations/Capital, and protect the American Working Class. Some of these restrictions took years and decades to put in place.

WHY "Free Trade" is a SCAM
The simple explanation is that capital (money) will ALWAYS be able to outrun Human Rights, Workers Rights, and Environmental Protections.

It takes YEARS, sometimes DECADES, for Human Rights Activists, Environmental Activists, and Workers Rights activists to organize, petition the government, get the government to listen, a couple of more years to go through the legislative process, and maybe emerge as an effective regulation.

A Corporation can pack up and move overnight to another country with a corrupt, bribable government and an abysmal record on Human/Environmental Rights. All it take is a single board meeting.


"Free Trade" was designed to:
1) Bust Unions

2) Lower Wages and benefits for America's Working Class

3) Avoid Environmental Regulations
It has worked perfectly as designed.

For proof, just look at the history of "Free Trade" since it was sold to a gullible American Working Class by a smooth talking con man.

<snip>
"One problem with trade and investment deals, especially with lower-wage countries like South Korea and China, is that they often result in growing trade deficits and job losses. In 2011, President Obama claimed that the Korea-U.S. free trade agreement (KORUS) would “support 70,000 American jobs” because the agreement would “increase exports of American goods by $10 billion to $11 billion.”

Since KORUS took effect in 2012, exports to Korea have increased by less than $1 billion. Meanwhile, U.S. imports have surged more than $12 billion, resulting in a net loss of 75,000 U.S. jobs.

Similarly, Bill Clinton claimed that NAFTA would create 200,000 jobs in its first two years and a million jobs in five years. Instead, between 1993 (before NAFTA) and 2013, the U.S. trade deficit with Mexico and Canada increased from $17 billion to $177.2 billion, displacing more than 850,000 U.S. jobs.

<read more FACTS here:>
http://www.newsweek.com/free-trade-costs-american-jobs-332962