Free trade economics continues to backfire
The Cross of 9/11 Tangle of Terror - Who can untangle the terror that globalization and free trade have bred.
Free Trade continues to degrade the value of workers, labor and the free enterprise system. It never was about real trade in the first place.
Free trade economics is not trade. Even discussing free trade as if it is really trade with the coming super TPP trade bill is wrong. Even discussing monetary relating to this so called trade bill is misleading. It is more about making money on money instead of trading products and services.
Free trade is not trade as historically practiced and defined. It is more about separating investments from production and moving production anywhere in the world for the sake of cheaper labor down to wage slave and even child labor. The real commodities being traded are workers who are put on a global trading block to compete with one another for the same jobs. It lets corporations off the hook from their obligations for the dignity of workers in society for the sake of making money o money instead of making things. It smashes the common good for all insociety into bits and pieces.
In this setting, workers become tools of a free trade economic process where governments act as brokers and dealers in a global economic arena. This not only leads to wars with government finding they must protect their interests across the globe in a new form of colonials but in the process, investments thrive on the value of workers and labor being degraded and deflated. This represents trillions of dollars in value lost forever.On top of this, the trade deficit which has broken records for years represent trillions of more dollars lost forever.
Free trade economics has failed. Early on, President Clinton had to rush billions of dollars to Mexico to save the peso and the Mexican economy. This came after more than 4,000 U.S. factories were moved to Mexico. This bail out, which by went to a foreign nation, actually foretold the coming of the massive bail out by President Obama in 2008 to save our economy. Free trade economics based on making money on money instead to making things had burned out. President Obama borrowed trillions of dollars from the future to bail out the failed system. This adds to the trillions of dollars of value lost forever as noted above. Both conservatives and liberals took the money in a new kind of corporate welfare game. President Obama bailed out big money interests, investment communities, banks, Wall Street and the "too big to fail"corporations. He ignored the suffering of millions who lost their jobs and businesses due to free trade economics. The "too little to save" businesses were left to fend for themselves in a hostile environment in a global economic arena.
Adam and Eve in the Global Economy with only paper stock certificates left saying " We can't eat paper "
Free trade economics has proven to be an economic cancer. President F. D. Roosevelt said - economic diseases are highly communicable. Any so call trade deal just spreads this disease further. The water level in the process comes down to this. There are more than a billion people in the world who are willing to work for practically nothing to survive. This is the measurement that should precede any discussion about free trade. It is indeed a race to the bottom.
Our own Federal Government sponsored the moving of factories outside ofthe U.S. in 1956. It was a temporary program than never ended. And we do not need any conspiracy theories to know that free trade and globalization have not evolved in any natural economic fashion but hasbeen driven by powerful forces outside the will of the people. For that matter, free trade bills would have never passed if they were subject toa popular vote.
Our economy based on making money on money instead of making things has burn out.