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Old 11-06-2005, 07:09 AM
noetsi noetsi is offline
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Default Free trade runs into trouble

Under various titles, globalization is the most common, free trade has been a dominant ideal since Reagan's election in 1980. But there are growing indications it is runing out of fuel largely because its benefits are far from clear to lower and lower middle income wage earners (there is of course disagreement on its benefits to these groups). This year the House just passed key legislation for a minor treaty while more free-trade Republicans ran it and the latest GATT round is largely unraveling. Now there is this..

http://tinyurl.com/9atts

because I feel that free trade has not helped lower and lower middle income earners in the US (the bottom 80-90 percent of the public) and because I think further disparity and wage stagnation (which it is a key driver of) will have serious social consequences in the US, I will be happy to see its demise.
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