The ‘free trade’ agreements are Treason by Trade. These trade agreements are a rigged game in which our domestic producers are put at a disadvantage. Goods from foreign countries can be imported into the U.S. duty free. The foreign trading ‘partners’ are allowed to continue to charge punitive tariffs (as high as 40%) on goods entering their country. This means that our domestic producers have no market for their goods plus they have to compete with cheaper imported goods. Naturally they are dropping like flies. Succinctly stated, the trade agreements are being used as arbitrage against our own economic interests.
Add to the above, tax breaks are given to help manufacturers and now knowledge businesses move out of our country – into the foreign countries with the preferential trade terms. This is not only draining our country of the wealth, it is robbing us of the knowledge base that made us a superpower in the first place. Within 10-15 years we will no longer have the capability – financial or intellectual to rebuild our manufacturing base and we are fast losing the knowledge industries. We are headed for the third world because we can’t even feed our own population – we have become a net importer of agricultural products.
The prescriptive for the loss of manufacturing and knowledge industries is the importation of cheaper labor thereby driving wages down and causing the elimination of benefits. The propaganda says that we have gotten lazy, fat and stupid – none of which is true. It won’t make any difference how many cheaper workers they import – because the trade agreements are written to ensure that the U.S. businesses can’t compete. As the domestic businesses fail, the multinational corporations move in to pick up their share of the market. Walmart is the best known example of this predation by the multinational corporations.
Add to this, the massive importation of cheaper labor is stressing our infrastructure to the breaking point – hospitals are closing, schools are failing. We are losing the tax base to pay for the infrastructure as production and jobs are exported. The jobs that are being created are not only low paying (Walmart) but because of the reduced benefits or no benefits, it is stressing our social safety nets to the breaking point.
We’re in an economic death spiral because of the trade agreements that have been signed – Treason By Trade. Economic warfare waged against us by traitors within our own government.
What we need is a constitutional amendment to define the crime of Economic Treason and we should make it retroactive so that we can hang that bastards who have done this to our country.