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Interesting enough the left, for example Chomsky, has been talking and opposing globalization / NAFTA for years. https://chomsky.info/secrets03/ https://chomsk
by rdtsc 10y ago
Interesting enough the left, for example Chomsky, has been talking and opposing globalization / NAFTA for years.
https://chomsky.info/secrets03/ https://chomsky.info/secrets03/
(excerpt)
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The day after NAFTA passed, the New York Times had its first article on its expected impact in the New York region. (Its conclusions apply to GATT too.) It was a very upbeat article. They talked about how wonderful NAFTA was going to be. They said that finance and services will be particularly big winners. Banks, investment firms, PR firms, corporate law firms will do just great. Some manufacturers will also benefit-for example, publishing and the chemical industry, which is highly capital-intensive with not many workers to worry about
Then they said, Well, there’ll be some losers too: women, Hispanics, other minorities, and semi-skilled workers-in other words, about two-thirds of the work force. But everyone else will do fine. Just as anyone who was paying attention knew, the purpose of NAFTA was to create an even smaller sector of highly privileged people-investors, professionals, managerial classes. (Bear in mind that this is a rich country, so this privileged sector, although smaller, still isn’t tiny.) It will work fine for them, and the general population will suffer.
The prediction for Mexico is exactly the same. The leading financial journal in Mexico, which is very pro-NAFTA, estimated that Mexico would lose about 25% of its manufacturing capacity in the first few years and about 15% of its manufacturing labor force. In addition, cheap US agricultural exports are expected to drive several million people off the land. That’s going to mean a substantial increase in the unemployed workforce in Mexico, which of course will drive down wages.
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Note at the bottom the connection between immigration (another hot topic) and NAFTA. I am not sure Trump ever mentioned that, probably not but Chomsky did. I remember reading that from him the first time.