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Every time I hear about an awesome "free trade agreement", I need to look no further than the disastrous NAFTA agreement: "Such outcomes include a staggering $
by at-fates-hands 11y ago
Every time I hear about an awesome "free trade agreement", I need to look no further than the disastrous NAFTA agreement:
"Such outcomes include a staggering $181 billion U.S. trade deficit with NAFTA partners Mexico and Canada and the related loss of 1 million net U.S. jobs under NAFTA, growing income inequality, displacement of more than one million Mexican campesino farmers and a doubling of desperate immigration from Mexico, and more than $360 million paid to corporations after "investor-state" tribunal attacks on, and rollbacks of, domestic public interest policies."
and
"For instance, we track the specific promises made by U.S. corporations like GE, Chrysler and Caterpillar to create specific numbers of American jobs if NAFTA was approved, and reveal government data showing that instead, they fired U.S. workers and moved operations to Mexico."
and
"The data also show how post-NAFTA trade and investment trends have contributed to middle-class pay cuts, which in turn contributed to growing income inequality;"
source: http://www.huffingtonpost.com/lori-wallach/nafta-at-20-one-million-u_b_4550207.html http://www.huffingtonpost.com/lori-wallach/nafta-at-20-one-m...
This too was being touted as a great free trade agreement for the US and its economy and the exact opposite happened. I can only assume the outcome for the TPP will be similar.