As the Trans-Pacific Partnership (TPP) "free-trade" agreement was signed, Democratic presidential candidate Bernie Sanders strongly voiced his opposition and committed to doing what he can to kill the deal if he is elected president. Rival Hillary Clinton has also stated opposition to the TPP, but will she also vow to kill it if elected?
A free trade agreement (FTA) expands economic opportunity in foreign markets for American workers and businesses, while doing the same for their foreign counterparts in our market. The increased trade improves the overall economy of each country. But, in order to avoid unwanted side effects, modern FTAs do more.
As documented at length in my book Free Trade Doesn't Work, most of the economics used to justify free trade and free-trade agreements makes sense if you grant its intellectual premises, which tend to be buried. Feretting out these hidden assumptions -- I identified the eight big ones in my book -- is thus the master key to understanding how we're being snowed.
With the news that incumbent Nguyễn Phú Trong is poised to continue as General Secretary of the Viet Nam Communist Party, following a secretive leadership race with outgoing Prime Minister Nguyễn Tấn Dũng, he must urgently move to rehabilitate the country's longstanding appalling human rights record.
Our country's singular ability to attract FDI has delivered growth, prosperity, and jobs coming out of the greatest economic crisis since the Great Depression. And our continuing ability to ensure that the U.S. remains the top-global destination for FDI will be critical to furthering our future economic success and our ongoing global leadership.
Division and diversion help the one percent capture government, securing policies that further enrich the rich, like trickle-down economics under which no benefits ever actually descend, bailouts for Wall Street but not Main Street and job-destroying trade deals like NAFTA and the proposed Trans-Pacific Partnership.