2016 Postmortem
In reply to the discussion: What are 3 things that would make any trade agreement acceptable to those opposing TPP? [View all]Lydia Leftcoast
(48,217 posts)is one of the oldest tricks in the book.
Serving as cheap labor for First World countries is not the way to equitable prosperity. It's the way to a classic Third World social structure, with a few people making out like bandits and the rest living worse off than before (cf. China and India). We hear a lot about China's and India's "growing middle classes," but they are far outnumbered by people who are nomadic day laborers or who have been turned into debt slaves by rising prices amidst flat or falling wages.
The countries that have developed successfully are the ones that have kept firm control of their own economies, maybe acting as workshops for industrialized countries but only on the condition that the foreign investors train locals for executive and technological jobs and transfer the technologies when they inevitably move on in search of even cheaper labor. They have also ignored the international austerity enforcers and invested heavily in education, health care, and infrastructure.h
In my ideal trade world, trade agreements would be concluded only among countries of roughly equal economic status. Thus Canada and the U.S. would be OK as a trade bloc, but Mexico, Central America, and the Caribbean would be a separate bloc, each building on its own strengths and replacing as many imports as possible with homegrown products.
Remember the invasion of Grenada and their supposedly horrible "Marxist" government? Well, one thing that government noticed was that even though the island grew oranges in abundance and exported oranges, it had to import orange juice and marmalade. The "Marxists" started juice and jam production cooperatives, and that was one of their sins, because what would agribusiness and Food Incorporated do if all those Third World countries started processing their own food products?