Will America Survive Under NAFTA?
1/10/2009
NAFTA went into effect on January 1st, 1994 as a means to ease trade restrictions between Canada, Mexico and the United States, but what it actually is, we can no longer ignore. The idea that other countries would participate under NAFTA would create a union capable of equalizing the purchasing power with one currency, and ideally….goods from anyone of those countries would be the same price.
The problem with that theory is the cost of living factor and the inflation rates of each country as it relates to each other. Only a few countries participate under NAFTA, but with special restrictions. Chile negotiated three separate bilateral agreements concerning restrictions to liberalization of their industries and regulation of environmental protection. Jamaica, Trinidad, and Tobago have similar agreements. Most other countries want nothing to do with NAFTA…..
Manufacturers and the agriculture sector have gone full circle with NAFTA and the time to regroup and get back to basic trade agreements and tariffs, is the only solution that can effectively rebuild the United States again. NAFTA is the reason why the very poor of Mexico emigrate to the United States. Farmers in Mexico cannot compete with the declining value of their own crops under NAFTA, even though output has increased!
The cheap labor of Mexico has destroyed the U.S. labor force and continues to impoverish Americans. The United States exports our own products and agriculture, while importing other country’s same or similar products. All this does is put more money in the pockets of the stockholders and owners of mega businesses that use cheap labor of other countries. It serves no purpose as a solution for an economy in destruction by continuing a failed treaty.
NAFTA also introduced a clever “Gotch ya” law under a “NAFTA Chapter 11” provision that forces the other country to take the product or face a lawsuit.
Harold
ACGR's "News with Attitude" 