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(39,909 posts)
Tue Jun 28, 2016, 05:21 PM Jun 2016

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

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.

"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:>
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Ross Perot was right. n/t Jester Messiah Jun 2016 #1
That really sucks. Kablooie Jun 2016 #26
I saw that... freebrew Jun 2016 #63
Sweden trades more than twice as we do. Their unions are strong. Their wages are high. pampango Jun 2016 #2
The Nordics and Free Trade Human101948 Jun 2016 #14
How do they have positive trade balances without tariffs and with high wages and strong unions? pampango Jun 2016 #51
Also because wealthy corporations have gotten wealthy exporting jobs to other countries and then Akamai Jun 2016 #73
This just means their trade policies protect them. passiveporcupine Jun 2016 #18
They have lower tariffs and more 'no tariff' trade than the US has. pampango Jun 2016 #46
Uncle Alan on greater worker insecurity... appalachiablue Jun 2016 #68
That evil old face is scary. N/t Scruffy1 Jun 2016 #69
I'd never heard this passiveporcupine Jun 2016 #75
Yup/ Free Market Job Creation, Bedford Falls: 'It's a Wonderful Life' GOP Version. appalachiablue Jun 2016 #77
I would also propose Dyedinthewoolliberal Jun 2016 #25
I'm sure you are right. They expect more from their government and "are more than willing pampango Jun 2016 #50
VAT tax.... paleotn Jun 2016 #28
VAT applies to both imports and domestic products. Tariffs only apply to imports. pampango Jun 2016 #49
Yes, it applies to both paleotn Jun 2016 #52
So applying a VAT (say 20%) to both imports and domestic products levels the playing field? pampango Jun 2016 #58
What the heck are you talking about? paleotn Jun 2016 #59
The Swedish VAT raises the cost of a Swedish-made car by assessing incremental increases at each pampango Jun 2016 #60
Not always. Only in the last few decades. Jim Lane Jun 2016 #3
Exactly passiveporcupine Jun 2016 #19
Anything Trump is for , I'm against! Cryptoad Jun 2016 #4
Just because Trump stopped thinking doesn't mean Democrats should. No automatic positions, pls. . nt Bernardo de La Paz Jun 2016 #10
You must change your opinions often, then n2doc Jun 2016 #12
That is a pretty closed minded view. passiveporcupine Jun 2016 #21
Mostly agree Cosmocat Jun 2016 #66
Are you against broken clocks as well? paleotn Jun 2016 #30
As with all "free" advertising campaigns. Downwinder Jun 2016 #5
Yeah, like free college tuition? passiveporcupine Jun 2016 #23
Only for the Military. Downwinder Jun 2016 #27
We could always reinstate the draft passiveporcupine Jun 2016 #36
Conscripts have a different attitude. Downwinder Jun 2016 #41
That is it, right there. LuvNewcastle Jun 2016 #39
The military doesn't always cover full college costs. Exilednight Jun 2016 #43
United States service academies Downwinder Jun 2016 #47
DURec leftstreet Jun 2016 #6
Message auto-removed Name removed Jun 2016 #7
Quite so. sangfroid Jun 2016 #8
. MohRokTah Jun 2016 #9
That "giant sucking sound" mountain grammy Jun 2016 #11
Another broken clock.... paleotn Jun 2016 #31
Pretty huge thing to be right about. mountain grammy Jun 2016 #53
I am for Fair Trade. One that benefits everyone. madinmaryland Jun 2016 #13
Me too. passiveporcupine Jun 2016 #24
And the latest ones are mainly about proving more power and leverage to big corporations n2doc Jun 2016 #15
Let's say it again passiveporcupine Jun 2016 #16
Yep. LuvNewcastle Jun 2016 #45
Actually, You are Wrong About the Origin of Free Trade mckara Jun 2016 #17
Post rec Dem2 Jun 2016 #22
You are right. Scruffy1 Jun 2016 #70
K&R rgbecker Jun 2016 #20
Bankrupting a company so Aerows Jun 2016 #29
+1 840high Jun 2016 #33
+5 It was Reagan's admin. that made pensions an "assett" I believe. appalachiablue Jun 2016 #40
K & R appalachiablue Jun 2016 #32
.that^ 840high Jun 2016 #34
As far as I know Ricardian international economics is still sound Cary Jun 2016 #35
TPP-ISDS and the Democrats Arizona Roadrunner Jun 2016 #37
"Free Trade" has very little to do with trade... Shebear Jun 2016 #38
the 'HOUSE' always wins. pansypoo53219 Jun 2016 #42
Message auto-removed Name removed Jun 2016 #44
It's simple really. Cassiopeia Jun 2016 #48
k&r nationalize the fed Jun 2016 #54
You have to explain simple concepts, most have degrees from Google U. Rex Jun 2016 #55
Yep. The US would be a better place if all 50 states could impose tariffs on trade with each other. Nye Bevan Jun 2016 #56
TPP enables interstate commerce? klook Jun 2016 #61
I was replying to the OP which did not mention TPP at all (nt) Nye Bevan Jun 2016 #62
4) JEB Jun 2016 #57
Ahhh ha libodem Jun 2016 #64
I'd suggest that we use some other term than "free trade" FairWinds Jun 2016 #65
I wonder what we got in return for this "compromise." Baitball Blogger Jun 2016 #67
This is how it went Urchin Jun 2016 #71
FAIR TRADE Angry Dragon Jun 2016 #72
There's no such thing as free trade. Some people lose big time ... WORKERS Zen Democrat Jun 2016 #74
Free trade agreements aren't so much about free trade Craig234 Jun 2016 #76
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