Tuesday, June 28, 2005

More on CAFTA

Another argument against CAFTA, "The promise(NAFTA): higher exports of consumer durables would lead to an increase in manufacturing jobs in the US. The reality: the US has suffered approximately 800,000 NAFTA-related job losses in the manufacturing sector."

The American manufacturing industry will never be as it once was the sooner people accept that fact the better off we will all be. This has nothing to do with CAFTA OR NAFTA, it does have to do with global free trade. One reason NAFTA has not produced more jobs or higher wages in Mexico is because China is still king of cheap effecient labor.

After decades fighting the spread of communism with both money and lives, it seems many Americans cannot bring themselves to support the idea that developing countries deserve jobs not just international welfare. Capitalism is not perfect and for countries experimenting with free-markets there will be kinks but they can be worked out. US history is proof of that.

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