2016 Postmortem
Showing Original Post only (View all)Mr. Sanders peddles fiction on free trade [View all]
Mr. Sanderss populist rhetoric doesnt stand up to scrutiny. His insistence, for example, that the North American Free Trade Agreement led to 800,000 job losses ignores analyses from unbiased sources such as the Congressional Research Service. In reality, NAFTA did not cause the huge job losses feared by the critics, a 2015 CRS analysis found.
Blaming freer trade for the loss of manufacturing jobs fails to tell the much bigger story of economic transformation that has swept the world over the past several decades. Technological change, automation, productivity improvements and other factors have eliminated old-school manufacturing jobs all over the world. Mr. Sanders cannot bring back the U.S. economy of the 1960s, and it would be harmful to try.
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