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Free Trade

Free Trade Killed the Great American Job Machine; Mainstream Economists Mystified

Ian Fletcher | Posted 05.25.2011 | Politics
Ian Fletcher

Here's a fascinating article by an intelligent economist, Jim Tankersly, apparently a perfectly nice fellow, puzzling over the "big mystery" of why the U.S. economy has lost so many jobs and isn't creating any more to replace them. It is rife with phrases like:

The State of the Union Is: Appalling

Stephen Herrington | Posted 05.25.2011 | Politics
Stephen Herrington

Americans are broke and job prospects are the lowest they have been in 80 years. That's it. Nothing else matters, and public opinion polls bear this out.

Stop the Korea Free Trade Agreement!

Ian Fletcher | Posted 05.25.2011 | Politics
Ian Fletcher

You would think America had learned its lesson from NAFTA, which the Labor Department has estimated cost us 525,000 jobs. But now it seems President Obama wants to offshore 159,000 more.

Halfway Through Term, Obama Still Hasn't Earned His Nobel Prize

Michelle Chen | Posted 05.25.2011 | World
Michelle Chen

Nobel Peace Prize notwithstanding, it's difficult to imagine Obama making any gains on human rights amid the chaos haunting the Pentagon's ever-expanding dominion.

The Libertarian Delusion That "Real" Free Trade Would Work

Ian Fletcher | Posted 05.25.2011 | Politics
Ian Fletcher

It's time for libertarians to stop taking ideological refuge in an ideal world we don't live in. The problems of free trade in the real world cast doubt on their ideology.

When You Close the Factory We Can't Make a Living

Dave Johnson | Posted 05.25.2011 | Business
Dave Johnson

Next week, the President delivers his State of the Union speech. This is an opportunity to announce that we are going to do unto China as China is doing unto us. Enough!

Bernie Madoff To Replace Elizabeth Warren (Snark Alert)

Jonathan Tasini | Posted 05.25.2011 | Politics
Jonathan Tasini

I just got off the phone with a reporter who wanted my thoughts on the appointment of Bruce Reed as Joe Biden's chief of staff. My first though, sarca...

Libertarianism, the New Anti-Americanism

Ian Fletcher | Posted 05.25.2011 | Politics
Ian Fletcher

The South Korea Free Trade Agreement, America's largest free-trade agreement since NAFTA, is back on the front burner. So when the libertarians speak up on this issue, as they will, just remember where their hearts are.

APEC Meeting Pushes Free Trade

AP | ELAINE KURTENBACH | Posted 05.25.2011 | World

YOKOHAMA, Japan — Ministers of Pacific Rim economies whose resilience helped power the still-fragile global recovery met Wednesday to seek ways ...

WikiLeaks on Panama: Laying Bare the Paranoid, Pro-Corporate Agenda

Nikolas Kozloff | Posted 05.25.2011 | World
Nikolas Kozloff

If Julian Assange's main goal is to restore greater transparency and accountability in government, then he may have succeeded -- in the small Central American nation of Panama.

Wake Up, America

Sen. Fritz Hollings | Posted 05.25.2011 | World
Read More: Free Trade, World News
Sen. Fritz Hollings

We have spent over nine years force feeding democracy, trying to change a culture militarily, in Afghanistan. Now we ask young America to lose its arms, legs, and lives for five more years to force feed democracy and spread terrorism.

Get America Working: We Need a Movement to Solve a Crisis

Dylan Ratigan | Posted 05.25.2011 | Politics
Dylan Ratigan

With our list of challenges ranging from overpriced health care to evaporating manufacturing, where can we start? Here are four steps our country must take now to get Americans back to work.

Class Warfare and Korea "Free Trade": An Open Letter to UAW, My Union

Jonathan Tasini | Posted 05.25.2011 | Politics
Jonathan Tasini

So-called "free trade" is part of the relentless class warfare under way in America. And the so-called "free trade" deal with South Korea is no except...

Free Trade Doesn't Work: Interview With Economist Ian Fletcher

Michael Hughes | Posted 05.25.2011 | Business
Michael Hughes

Free trade doesn't work, the global economy is a myth and the U.S. has been duped during trade negotiations for the past 40 years according to Ian Fletcher, author of Free Trade Doesn't Work: What Should Replace It and Why.

Elise Foley

Steelworkers Not Jumping On Board Obama's South Korea Free Trade Deal | Elise Foley | Posted 05.25.2011 | Politics

President Barack Obama announced Saturday the government has reached a trade agreement with South Korea that would strengthen economic ties between th...

Best Off-Broadway Show

Sen. Fritz Hollings | Posted 05.25.2011 | Politics
Sen. Fritz Hollings

Rather than performing its duty under the Constitution to regulate foreign commerce and enforce our trade laws, Washington puts on an act of creating jobs with stimulation for small business and refuses to get in the trade war.

Rekindling Growth and Innovation in America

Muhtar Kent | Posted 05.25.2011 | Business
Muhtar Kent

I believe that if we as a nation recommit to improving innovation, education, entrepreneurship, and international trade there will be no stopping this great country in the years ahead. We must flex our national advantages.

Upward Spiral Instead of a Downward One

Stan Sorscher | Posted 05.25.2011 | Business
Stan Sorscher

When I was young, the purpose of public policy was to raise our standard of living. Not so much, anymore. Now, public policy is designed to make busin...

Obama Trade Policy Perils: Korea FTA Talks Resume Tomorrow

Lori Wallach | Posted 05.25.2011 | Business
Lori Wallach

Recent polling has shown that perhaps the one issue that unites Americans across diverse demographics is opposition to more-of-the-same trade policy. The elections confirmed this.

Pessimism Porn

Anis Shivani | Posted 05.25.2011 | Books
Anis Shivani

Chris Hedges's new book, The Death of the Liberal Class (Nation Books, November, 2010) exemplifies the limits of the liberal elite in critiquing itsel...

Let's Have a Red-White-and-Blue Friday

James P. Hoffa | Posted 05.25.2011 | Business
James P. Hoffa

Something to think about if you're out shopping on Black Friday is that many of the products sold at retail stores were made in China.

How Backwards Is It for the US to Ask South Korea to Lower Fuel Economy Standards?

Peter Brown and Geoff Garver | Posted 05.25.2011 | World
Peter Brown and Geoff Garver

The U.S. wants South Korea to lower its fuel economy standards so that U.S. manufacturers can sell more of their cars there. What a cynical way to take advantage of the job crisis in the U.S.

Corporate Rewards: Controlling U.S. Trade Policy

Leo W. Gerard | Posted 05.25.2011 | Business
Leo W. Gerard

The Economic Policy Institute estimates that the proposed U.S.-South Korea Free Trade Agreement would cost America 159,000 jobs and enlarge its trade deficit by $16.7 billion in its first seven years.

The Most Honest -- and Disturbing -- Admission About the Corporatocracy I've Ever Seen

David Sirota | Posted 05.25.2011 | Politics
David Sirota

It's a true rarity to see the politicians and lobbyists who write trade policy officially admit that they believe trade policymaking isn't even a matter the public should be allowed to see, much less challenge.

Fiddling While Rome Burns

David Coates | Posted 05.25.2011 | Politics
David Coates

The main debt problem currently besetting the U.S. economy is not primarily a debt problem at the federal level, no matter what Paul Ryan claims or implies. It is a debt problem at the level of people's personal finance.