Free trade

US – The economic Elysium predicted by backers of free trade prior to its passage never developed

America’s current economic unwinding didn’t begin on Wall Street in 2008, as is often reiterated. Its genesis lies in the affluence-to-poverty trade regiments enacted by President Clinton, beginning in 1993. Seduced by assurances that free trade would create millions of new high-paying jobs in the United States, Democrats, aided by Republican politicos like Newt Gingrich, … Continue reading →