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Reagan launched the Uruguay Round of trade negotiations that led to the creation of the WTO, which itself resulted from the Bretton Woods system and the General
by standardUser 3y ago
Reagan launched the Uruguay Round of trade negotiations that led to the creation of the WTO, which itself resulted from the Bretton Woods system and the General Agreement on Tariffs and Trade (pre-cursor to WTO) that were established after WWII. The US had been on that trajectory for a long time before Bill Clinton put it into overdrive!
- FrustratedMonky 3y agoYeah, so many people don't read history and realize all this WTO and Globalization the US population hates, was created by the US, on purpose.
- FrustratedMonky 3y agoWhy the downvotes? The US totally was the driving force around creating and growing globalization. How is this not known to be true, its history at this point.
- quickthrowman 3y agoI think your comment would be received better if you rewrote it without the part about ‘so many people don’t read history’. For what it’s worth, I upvoted that comment before reading the one I am responding to. This community can be picky about tone and phrasing (which I believe keeps things mostly civil), don’t take the downvotes personally. Some users may have felt the ‘not reading history’ part was targeted at them, even though you were speaking generally.
- FrustratedMonky 3y agoThank You. Yes, No need for me to be pre-emptively snarky.
- quickthrowman 3y agoNo problem, you’re welcome :) I’ve made the same mistake and it was dang who told me to calm down, so I understand.
- edgyquant 3y agoIt’s because Americans generally do know this. All the things coming to a head now were brought up as concerns back then. The position of the average America, the entire time deindustrialization was happening, was that Americans were being sold out by the wealthiest class and they were told economics isn’t zero sum as a rebuff.
- pirate787 3y agoReagan also laid out the vision for NAFTA and signed the Canada-US FTA in 1988
- throwaway2037 3y agoI think it is important to separate free trade agreements between highly developed nations and under developed nations. For example, when NAFTA was enacted, Canada was already very rich (like the US), but Mexico was much poorer than both. It was pure labour arbitrage on both parts.