The Common Market and the European Union have had 65 years to build their utopia. That’s long enough. The policies of “Free Trade” and no barriers to movement of money, goods, and services (workers) have undercut the working classes of all European countries leading to high unemployment, failing institutions, and a race to the bottom of member countries. The 2008 banking disaster was a convenient cover story for the failures of this noble experiment whose only success was the concentration of wealth in the hands of the 1%.
Sound familiar?
The “Free Trade” policies of the US are our version of the EU. NAFTA — 1 million US manufacturing jobs lost.
As of January 1, 2015, the United States has 14 FTAs in force with 20 countries. The United States is negotiating a regional FTA, the Trans-Pacific Partnership (TPP), with Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. The United States and the European Union launched negotiations on the Transatlantic Trade and Investment Partnership (T-TIP) in June 2013.
How is this helping the US?
I am a protectionist. The greatest economic expansions in US history occurred with the help of import duties and anti-dumping policies. Economic warfare is always on the horizon. Submission to a level playing field is reduction to the lowest common denominator. Say goodbye to human rights, wage fairness, workplace safety and healthy environment and say hello to entropic collapse.
Google “race to the bottom”.
http://www.dailykos.com/story/2009/09/05/777583/-The-Unraveling-of-America-Part-II-Globalization
