The Age of Multilateral 'Free' Trade Agreements is coming to an end. They were done in by their fraudulent pemise of enriching traders and financiers while enslaving foreign labour to subsistence wages and throwing first world manufacturers and their workers out of business. It has been a massive scam from the beginning.
I agree that there are some companies that do not have the best interests of their employees but I also believe that MOST companies do be it American or Canadian, especially now in the days of social media do.
Canada has not profited from NAFTA even under the highly limited notion of 'Trade Balance' that is used as the standard marker. It has been catastrophic for the world economy. It has led to a de-industrialization; polarization of wealth; vast impoverishment; mandated shortages & resource underutilization and economic inertia in the developed world, while failing to, in any way, enrich the developing world.
Can you please tell me how NAFTA has been "catastrophic for the world economy?" I thought it was between Canada and the US?
For the most part, Canadians have faired well under this agreement and has hardly "vast impoverishment' which I take to mean the "vast majority" are impoverished which is simply not true. We have a standard of living which, while high, is one of the best in the world.
It needs to be replaced by flexible Bi-Lateral Fair Trade Agreements focussed on value added product, stabilized exchange rates and full fairly compensated employment for both sides. Global Free Market Capitalism is crumbling. The question is will its demise be done peacefully or will it be marked by revolutions and World War to overturn the suprantional organizations, banks and corporations that now rule the world.
Well, should that happen, I doubt if the sun won't rise the following morning but I would think there would be repercussions. We'd have to wait and see what it would be. I'm thinking it won't be good for Canada since, until things change, the US is our biggest customer. And, of course, the "impoverished" of our country could then increase? - who knows? All I know is that Canada has benefitted more by NAFTA than it has not.
JMHO
