Free Trade Economics Myth

 Why are our political leaders, the media and the academic community  silent
about the main issue of our times.
The American Dream is Burning 
amerflashsm
 The establishment Republics and Democrats talk about restoring our economy and the American Dream but leave out the main cause behind our economic and social crisis.
There was an excellent letter in the Cleveland Plain Dealer about the new proposed super trade deals as being very harmful to our country in economic ways and relating to our sovereignty as a nation. However, Even discussing free trade as if it is really trade is wrong. Even accepting the proposition that free trade is trade just furthers the penetration of an economic system that has not worked and never will.
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 in their responsibilities for the dignity of workers in society for the sake of making money on money instead of making things. It smashes the common good for all in society into bits and pieces. It is a difficult way back to what we once had if we let investments control the process. Trade is about trading products.  Historically, trade was usually about one country trading something they have for something they do not have.
However when free trade is becomes an economic process where the priority is to make  money on money instead of making things,  workers become the real commodities being traded. Workers are put on a world trading blog to compete with one another for the same jobs down to the lowest levels of wage slave and even child labor. Nothing is free about free trade with the so called free market being isolated to just few. It is not free when  governments act as brokers and dealers in a global economic arena with big money interests in control of governments. This way investments thrive on workers getting fired instead of  hired. It has not worked because of the following.
1. The value of workers and labor is degraded and deflated. The buying power of workers are lessen and as workers and labor goes down in value, even the cheaper imports do not match up with a new working poor class. The lost of this value represents trillions of dollars lost forever.
2. On top of this, the trade deficit which has broken records for years represent trillions of even more dollars lost forever.
3. More money values were affected too. Free trade economics failed early in the process. In 1995, 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.The first bail out , went to a foreign nation and 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 global economic arena. Free trade economics has proven to be an economic disaster. It is an economic disease that is out of control. President F. D. Roosevelt said – economic diseases are highly communicable. Any so call trade deal just spreads this disease further. It is a race to the bottom because 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 of the 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 has been driven by powerful forces outside the will of the people. For that matter, free trade bills would have never passed if they were subject to a popular vote.
Just think of all the good  all this lost money could have accomplished not only in  this country but in the whole world. This is what Donald Trump is talking about.  His trade policies would resurrect the lost values and restore what we once had.  A new middle class would rise again.
Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s