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I don't disagree, but don't completely agree either, that free trade is always a blessing. - Mexico is a party to NAFTA and other trade agreements with South A
by buo 13y ago
I don't disagree, but don't completely agree either, that free trade is always a blessing.
- Mexico is a party to NAFTA and other trade agreements with South American and Asian countries, but 37 million mexicans survive on less than US $5.00 a day.
- Good macroeconomic metrics can obscure or mask what is actually happening on the ground. In this sense, trade agreements can bring massive grief to large sections of the population. Going back to Mexico, the lift of tariffs on articles like clothing and shoes have decimated the local industry, leaving thousands of bankrupt businesses and families.
Probably the hatred for free trade has been caused by the way it's been implemented, favoring large corporate interests, and trying to maximize macroeconomic metrics to the detriment of microeconomics. This is probably the reason this new agreement is being negotiated in secret too: it will have negative impact on the lives of many people.