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Free Trade Enslaving Poor Countries

 
Shadow
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User ID: 205416
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03/22/2007 08:55 PM
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Free Trade Enslaving Poor Countries
"Poor countries are being forced into very deep tariff cuts," Emily Jones, author of the Oxfam report 'Signing Away the Future' told IPS. "These are often being reduced to zero under reciprocal so-called free trade agreements they are being forced to sign with rich countries."

That means poor countries are having to open up their markets to subsidized agricultural products from places like the EU, she said.
.........

The North America Free Trade Agreement (NAFTA) has brought 1.3 million job losses in Mexico in ten years, Jones said. Increased exports to the United States have failed to generate growth, and some studies show that the real wages in 2004 were less than in 1994, Jones said.

The rules on liberalization of services in such agreements threaten to drive local firms out of business, reduce competition, and extend the monopoly power of large companies, the report says.

"When Mexico liberalized financial services in 1993 in preparation for NAFTA, foreign ownership of the banking system increased to 85 percent in seven years, but lending to Mexican businesses dropped from 10 percent of gross domestic product (GDP) to 0.3 per cent, depriving poor people living in rural areas of vital sources of credit."

[link to www.commondreams.org]
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Anonymous Coward
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03/22/2007 09:00 PM
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Re: Free Trade Enslaving Poor Countries
Capitalism depends on unhappiness and suffering to perpetuate itself.
Anonymous Coward
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03/22/2007 09:01 PM
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Re: Free Trade Enslaving Poor Countries
Rule is whatever they say it will do it does the reverse that's the elite way.
Anonymous Coward
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03/22/2007 09:02 PM
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Re: Free Trade Enslaving Poor Countries
1.3 million job losses? please how many were created here in the states?
Shadow  (OP)

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03/22/2007 09:06 PM
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Re: Free Trade Enslaving Poor Countries
1.3 million job losses? please how many were created here in the states?
 Quoting: Anonymous Coward 185333


None, several million were lost though, including the ones that went overseas. Free trade isn't fair and it isn't about trade.
Who benefits?
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Shadow  (OP)

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03/22/2007 09:08 PM
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Re: Free Trade Enslaving Poor Countries
Rule is whatever they say it will do it does the reverse that's the elite way.
 Quoting: Anonymous Coward 133430


I think of something Orwellian every time I hear Bush speak.
Over the side and damn the barracuda
Shadow  (OP)

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03/22/2007 09:09 PM
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Re: Free Trade Enslaving Poor Countries
Capitalism depends on unhappiness and suffering to perpetuate itself.
 Quoting: Anonymous Coward 148165


And blame the victims quite vocally.
Over the side and damn the barracuda
Anonymous Coward
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03/22/2007 09:10 PM
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Re: Free Trade Enslaving Poor Countries
1.3 million job losses? please how many were created here in the states?


None, several million were lost though, including the ones that went overseas. Free trade isn't fair and it isn't about trade.
Who benefits?
 Quoting: Shadow



You mean to tell me that 1.3 mil Mexican workers did not find work in the US in the last ten years?
Shadow  (OP)

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03/22/2007 09:23 PM
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Re: Free Trade Enslaving Poor Countries
You mean to tell me that 1.3 mil Mexican workers did not find work in the US in the last ten years?
 Quoting: Anonymous Coward 185333


No, those 1.3 m job loses were in Mexico not the US. It's the reason they emmigrated to the US to find work, and while a Mexican taking a job from an American does not count as a 'job loss' on Wall Street despite the fact illegals don't pay taxes, it does debit the US employment account. Problem is, most people recognize the effect and not the cause.
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txtr8r

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03/22/2007 09:27 PM
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Re: Free Trade Enslaving Poor Countries
You said job loss in mexico i said job creation in the us. what i didnt say was who for. Yes the american worker is out of a job but wall street does not really care about that just yet do they.
Mex Arcana
User ID: 197375
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03/22/2007 09:38 PM
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Re: Free Trade Enslaving Poor Countries
It's because 20 million Mexicans invaded the USA and left those jobs stranded so the work force went down as Mexican business did.





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