3 ms·
> What killed Detroit wasn't a trade deal, except to the extent that we allowed Japan to sell autos here at all. I'm referring to what killed Detroit the city
by iaw 10y ago
> What killed Detroit wasn't a trade deal, except to the extent that we allowed Japan to sell autos here at all.
I'm referring to what killed Detroit the city, and it's jobs, not what killed the automakers.
A famous quote regarding NAFTA [1] from Ross Perot was abouta "giant sucking sound" [2] the jobs would make as they flowed to Mexico because of lower wages and healthcare expenses.
Looking it up I can't find any details on NAFTA helping catch tax evaders so I must be thinking of a different international arrangement.
[1] https://en.wikipedia.org/wiki/North_American_Free_Trade_Agreement https://en.wikipedia.org/wiki/North_American_Free_Trade_Agre...
[2] https://en.wikipedia.org/wiki/Giant_sucking_sound https://en.wikipedia.org/wiki/Giant_sucking_sound
- CamperBob2 10y agoDetroit was already pretty much toast by the time Perot ran.