Tuesday, September 19, 2017

Three Reasons Why a New NAFTA Should Not Last Forever

Crony capitalists and globalists want a flawed trade agreement immune from updates, sensible revisions

Back in 1993, there was a major debate about the first big, modern trade agreement called the North American Free Trade Agreement (NAFTA). Promises were made about job creation, economic growth, a win-win agreement. NAFTA passed.

The next year, Mexico crashed. Presidential candidate Luis Donaldo Colosio was assassinated on videotape. Maya Indian rebels marched out of the forest declaring NAFTA a death sentence for Mexico's Indians, setting off the most serious guerrilla uprising in a generation. Subcomandante Marcos wrote a love letter to newly elected president Ernesto Zedillo Ponce de León stating, "Welcome to the nightmare." Mexico devalued the peso, causing an economic crisis. Mexico has never recovered.

The Trump administration is reportedly considering a proposal that any new North American Free Trade Agreement (NAFTA) be temporary, rather than permanent. Crony capitalists and globalists are ramping up their opposition, claiming the need for "business certainty" as they continue offshoring our economy and jobs. [more...]

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