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You’ve been downvoted by others, but your assessment is correct. Our trade deals exclude environmental, labour, and other non-goods protections. So As a result
by josho 7y ago
You’ve been downvoted by others, but your assessment is correct.
Our trade deals exclude environmental, labour, and other non-goods protections. So As a result we end up with the race to the bottom that you mentioned.
The fix is trade agreements that enshrine protections for more than just the goods being produced.
- kortilla 7y agoThe assessment is not correct. It’s not a race to the bottom so much as bringing the bottom up to current levels. China is going to destroy their environment with or without incoming US capital. They will also continue to employ children, etc. Globalization puts more demand on their system so their people get higher wages, better conditions, cleaner work environments, etc. Competition for their labor pool and their environment in general means they don’t have to give it up under bad terms.