Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

General Discussion

Showing Original Post only (View all)


(108,903 posts)
Mon Apr 28, 2014, 09:16 AM Apr 2014

elites discover so-called 'free trade' killing the economy, middle class [View all]


The New York Times editorial board finally gets it right about trade in its Sunday editorial, “This Time, Get Global Trade Right.” Some excerpts:

Many Americans have watched their neighbors lose good-paying jobs as their employers sent their livelihoods to China. Over the last 20 years, the United States has lost nearly five million manufacturing jobs.

People in the Midwest, the “rust belt” and elsewhere noticed this a long time ago as people were laid off, “the plant” closed, the downtowns slowly boarded up and the rest of us felt pressure on wages and working hours. How many towns — entire regions of the country — are like this now? Have you even seen Detroit?

“This page has long argued that removing barriers to trade benefits the economy and consumers, and some of those gains can be used to help the minority of people who lose their jobs because of increased imports,” the editors write. “But those gains have not been as widespread as we hoped, and they have not been adequate to assist those who were harmed.”
24 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Interesting how that last spike upward House of Roberts Apr 2014 #1
more like elites are now finding it more difficult to lie about "globalization" tk2kewl Apr 2014 #2
Duh... pipoman Apr 2014 #3
I bought the lie about free trade agreements once . . . Brigid Apr 2014 #4
Trade deals should be exclusively about materials for manufacturing. L0oniX Apr 2014 #5
Duh...And the sky is blue on a sunny day Armstead Apr 2014 #6
I hear Bears shit in the woods.... Junkdrawer Apr 2014 #19
"Itís easy to point the finger at Nafta and other trade agreements for job losses, but there is a pampango Apr 2014 #7
Thank you for sharing and the link to an excellent editorial mountain grammy Apr 2014 #11
So you use Pete Peterson and his band of crooks, liars, job exporters, and Elwood P Dowd Apr 2014 #13
I quoted the New York Times editorial that the OP referenced. If you think currency manipulation is pampango Apr 2014 #14
These peoples are fools. Ayn Rand wiggled a shiny object in front of them rhett o rick Apr 2014 #8
+1 zeemike Apr 2014 #9
They do it because they are moderate Republicans jeff47 Apr 2014 #12
Good post, but a comment. rhett o rick Apr 2014 #20
All things to all people means swinging back and forth jeff47 Apr 2014 #21
It's hard to get a decent discussion without people making insinuations like, "stop ignoring primary rhett o rick Apr 2014 #22
I know what you write jeff47 Apr 2014 #23
Why the need for this: "Alternatively, you are doing a terrible job of getting across your opinion rhett o rick Apr 2014 #24
+1 an entire shit load. Enthusiast Apr 2014 #18
Time for monetary reparations for what the elites did to the working class. reformist2 Apr 2014 #10
Too bad no one saw this coming. nt killbotfactory Apr 2014 #15
not to menition how sickening all the cheap MADE IN CHINA garbage is Skittles Apr 2014 #16
COSTLY trade agreements. NT grahamhgreen Apr 2014 #17
Latest Discussions»General Discussion»elites discover so-called...