AI
Sunday, January 15, 2023 4:11:22 PM
NAFTA,,,,,,,It fundamentally changed everything .....It was far, far, different than the prior trade agreements you posted...Those are designed to create the free flow of goods, 'not labor' creating more work by selling more goods and bring in new goods from a new source working out well for their workers and economies...
NAFTA set the basis to destroy all that the democrats and American workers had fought for, changed and found equity with.....
By establishing the principle that U.S. corporations could relocate production elsewhere and sell back into the United States, NAFTA undercut the bargaining power of American workers, which had driven the expansion of the middle class since the end of World War II. The result has been 20 years of stagnant wages and the upward redistribution of income, wealth and political power.
Despite the rhetoric, the central goal of NAFTA was not “expanding trade.” After all, the U.S., Mexico, and Canada had been trading goods and services with each other for three centuries. NAFTA’s central purpose was to free American corporations from U.S. laws protecting workers and the environment. Moreover, it paved the way for the rest of the neoliberal agenda in the US—the privatization of public services, the regulation of finance, and the destruction of the independent trade union movement.
Hello modern day slave labor and goodbye to equity.........
Goodbye to
Medical coverage....
Pension plans.......
Living wages........
Unions..........
savings....
Comfortable retirements.....
And tax bases......
Corps even won on both sides of the equation, not only with cheap labor, they don't have to pay retirement and health benifits anymore...We pay the corps in the health care industry, 401k's benefit financial services, the gov and people take up the slack providing even more profit as the inequity chart skyrockets ....Plus they could go on to pollute other countries (and the world instead of setting a new example)
That set the tone for even more ''Free' trade agreements plus the implementation of further cost cutting, those just depressed the American workers to the point we are at today and the effects on politics is now at the danger point due to that singular moment in our history that fundamentally changed the landscape of this country in favor of the shareholder and corporate hierarchy above all else......
Sadly, Democrats knew better too, its why they fought it before Clinton. He either knew better or was snookered himself....(Being a Yale grad and Rhodes scholar its hard to believe he didn't understand the ramifications. I don't think shareholder theory was being taught yet but it was certainly well known, Friedman had won his prize in 76,,,,,,And might I add he was the first to go full bore after corporate donations via soft money)
Dems ended up going along with it, touting talking points and rhetoric which was a shift in the party's prior beliefs and caused damage to their reputation within the working class...........Every time they justified it, the American worker took notice and every time the workers were called names, anger grew and still continues.....Now is the pivotal time where the American workers have looked past the dems to someone who at least says they have their back, not the ones responsible for the onslaught and then offer cake instead of their ability to live equitably.....
So NAFTA was no trade agreement in the sense of words, it has no comparison to any prior agreement, it was a wolf disguised as such. 50% of the country live the ramifications of it and what it started, the other 50% have lived blissfully believing the rhetoric used to justify it, not understanding the dynamics it changed or dare I say they'd understand why the democrats were against it until Clinton's first year...They knew before that the effects it would have......
https://corpgov.law.harvard.edu/2017/04/11/a-legal-theory-of-shareholder-primacy/
Follows the inequity chart to the T
NAFTA set the basis to destroy all that the democrats and American workers had fought for, changed and found equity with.....
By establishing the principle that U.S. corporations could relocate production elsewhere and sell back into the United States, NAFTA undercut the bargaining power of American workers, which had driven the expansion of the middle class since the end of World War II. The result has been 20 years of stagnant wages and the upward redistribution of income, wealth and political power.
Despite the rhetoric, the central goal of NAFTA was not “expanding trade.” After all, the U.S., Mexico, and Canada had been trading goods and services with each other for three centuries. NAFTA’s central purpose was to free American corporations from U.S. laws protecting workers and the environment. Moreover, it paved the way for the rest of the neoliberal agenda in the US—the privatization of public services, the regulation of finance, and the destruction of the independent trade union movement.
Hello modern day slave labor and goodbye to equity.........
Goodbye to
Medical coverage....
Pension plans.......
Living wages........
Unions..........
savings....
Comfortable retirements.....
And tax bases......
Corps even won on both sides of the equation, not only with cheap labor, they don't have to pay retirement and health benifits anymore...We pay the corps in the health care industry, 401k's benefit financial services, the gov and people take up the slack providing even more profit as the inequity chart skyrockets ....Plus they could go on to pollute other countries (and the world instead of setting a new example)
That set the tone for even more ''Free' trade agreements plus the implementation of further cost cutting, those just depressed the American workers to the point we are at today and the effects on politics is now at the danger point due to that singular moment in our history that fundamentally changed the landscape of this country in favor of the shareholder and corporate hierarchy above all else......
Sadly, Democrats knew better too, its why they fought it before Clinton. He either knew better or was snookered himself....(Being a Yale grad and Rhodes scholar its hard to believe he didn't understand the ramifications. I don't think shareholder theory was being taught yet but it was certainly well known, Friedman had won his prize in 76,,,,,,And might I add he was the first to go full bore after corporate donations via soft money)
Dems ended up going along with it, touting talking points and rhetoric which was a shift in the party's prior beliefs and caused damage to their reputation within the working class...........Every time they justified it, the American worker took notice and every time the workers were called names, anger grew and still continues.....Now is the pivotal time where the American workers have looked past the dems to someone who at least says they have their back, not the ones responsible for the onslaught and then offer cake instead of their ability to live equitably.....
So NAFTA was no trade agreement in the sense of words, it has no comparison to any prior agreement, it was a wolf disguised as such. 50% of the country live the ramifications of it and what it started, the other 50% have lived blissfully believing the rhetoric used to justify it, not understanding the dynamics it changed or dare I say they'd understand why the democrats were against it until Clinton's first year...They knew before that the effects it would have......
https://corpgov.law.harvard.edu/2017/04/11/a-legal-theory-of-shareholder-primacy/
Follows the inequity chart to the T
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