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Free Trade

U.S.Wages as Cheap as India

Jonathan Tasini | Posted 05.25.2011 | Business
Jonathan Tasini

Mix a financial crisis created by the Goldman Sachs with the Wall Street-driven leveraged buyout, wage-cut, job-cuts mania of the past several decades and, presto...the U.S. is a low-wage country.

Free Trade: Flawed Theory and Bad Policy

Stan Sorscher | Posted 05.25.2011 | Business
Stan Sorscher

Free trade works very well for investors, financial institutions, and large multinational companies. At the same time, our free trade agreements push aside interests of workers, communities and the environment.

How Many 'Top Priority' Issues Does Obama Have?

CBS News | Posted 05.25.2011 | Politics

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CAFTA Attack on Green Policy: Did Obama Need More Reasons to Renegotiate Bush's NAFTA-Style Trade Deals?

Lori Wallach | Posted 05.25.2011 | World
Lori Wallach

Wait, weren't we told that those outrageous NAFTA-style foreign investor special privileges had been fixed in CAFTA? So, what's up with the Obama folks now?

Ten Steps the U.S. Government Should Take to Stimulate the Economy, Encourage Businesses to Create Jobs -- And Cut the Federal Deficit

Gary Shapiro | Posted 05.25.2011 | Business
Gary Shapiro

Our weakened economy is not due to a lack of creativity or entrepreneurial spirit of the American people. We are hurting from misguided government policies that have imposed disincentives to hire workers and impose huge costs on job creators.

Washington's Gain Is the Nation's Loss

Gary Shapiro | Posted 05.25.2011 | Business
Gary Shapiro

The Washington economy is super-charged by the inflow of new federal government money and the legal and lobbying business generated by a government proposing and issuing new laws and rules.

Ask Workers in Cambodia and Bangladesh: Where Has Corporate Social Responsibility Been?

Jeff Ballinger | Posted 05.25.2011 | World
Jeff Ballinger

Since the earliest "code of conduct" requirements for supplier factories, labor rights have declined nearly to the vanishing point in production-for-export areas around the world.

The Death of the Postindustrial Dream

Ian Fletcher | Posted 05.25.2011 | Politics
Ian Fletcher

Postindustrialism is now a blatantly dead letter, as the U.S. economy has ceased generating any net new jobs in internationally traded sectors of any kind: manufacturing or services, industrial or postindustrial.

Why the Economy Isn't Recovering

Garrett Johnson | Posted 05.25.2011 | Politics
Garrett Johnson

There has been a lot of talk about a double-dip recession recently: how to define it, and what it means. What is missing from these discussions is the most obvious question of all: why won't the economy recover?

Why The AIDS Activists Are Asking The UN To Investigate Obama's Trade Policy

Matthew Kavanagh | Posted 05.25.2011 | Politics
Matthew Kavanagh

The United States is using its trade policies to coerce countries to adopt intellectual property policies that increase the costs of medicines and violate the human rights of their citizens.

Level the Playing Field in Trade Policy

Stan Sorscher | Posted 05.25.2011 | Business
Stan Sorscher

All products sold in America should comply with the same basic standards, whether manufactured domestically or imported from abroad. That's one playing field (among many) that should be leveled.

Why We Can't Rely on Foreign Consumers to Rescue American Jobs, and Why Today's "Jobs for America Summit" Is a Bad Joke

Robert Reich | Posted 05.25.2011 | Business
Robert Reich

Regardless of how much we export, if imports continue to exceed that amount, we're heading in the opposite direction. Trade can't possibly be a source of new American jobs.

Savings Are a Lousy Excuse for America's Trade Deficit

Ian Fletcher | Posted 05.25.2011 | Business
Ian Fletcher

It is time for America's ruling circles to stop their endless game of seeking ever more sophisticated ways of pretending that America's trade crisis is something other than what it is: a trade crisis.

The Vanishing American Consumer and the Coming Trade War

Robert Reich | Posted 05.25.2011 | Business
Robert Reich

By doubling exports, the Obama administration figures foreign consumers will fill the spending gap. Problem is, most other economies also relied on American consumers. High production and low demand could spell a trade war.

The Myth of the Global Economy

Ian Fletcher | Posted 05.25.2011 | Business
Ian Fletcher

Globalization is a catchphrase that doesn't describe current economic or political reality. That the phrase has so many unthinking users -- especially among America's political elite -- is disturbing.

Much Needed Currency Reform Bill Is Only a Small First Step Towards Dealing with China

Ian Fletcher | Posted 05.25.2011 | Business
Ian Fletcher

America should impose an across-the-board tariff on Chinese goods sufficient to offset not only the effects of currency manipulation, but also all the other tricks Beijing has pulled in the past and will continue trying to pull in the future.

Economics: How to Cure a Sick Discipline

Ian Fletcher | Posted 05.25.2011 | Business
Ian Fletcher

America's financial mess and our festering trade crisis were both caused by bad policies that mainstream economics told us were OK. This has made the public cynical about economists. What should we do to restore the discipline?

JOBS, PROSPERITY AND THE GREAT AMERICAN ADVANTAGE...

Jack Nadel | Posted 05.25.2011 | Business
Jack Nadel

In our current preoccupation with derivatives and other non-productive financial instruments, we are ignoring the Great American Advantage that exists...

How Do Other Nations Balance Their Trade? Try Germany

Ian Fletcher | Posted 05.25.2011 | Business
Ian Fletcher

Despite Germany's nominal policy of free trade, in reality, a huge key to its trading success is a vast and half-hidden thicket of de facto non-tariff trade barriers.

In Asia, Export Opportunity Knocks

Fred Hochberg | Posted 05.25.2011 | Business
Fred Hochberg

Ninety-five percent of the world's consumers live outside of our national borders, but only one percent of American businesses sell to them. Here's how we're going to fix that.

BP, (Foul) Flavor Of The Month

Stephen Herrington | Posted 05.25.2011 | Politics
Stephen Herrington

It might be more appropriate to treat mega companies as hostile nations rather than as peers of a mom and pop drive-in theater chain in Texas.

Uncle Sam, Global Trade Sucker

Ian Fletcher | Posted 05.25.2011 | Business
Ian Fletcher

How can the United States, the sole global superpower, get pushed around by foreign nations when it comes to negotiating trade agreements?

Yes, Virginia, There Is a Legitimate Case Against Free Trade

Ian Fletcher | Posted 05.25.2011 | Business
Ian Fletcher

Serious economists actually recognize a number of very serious criticisms of free trade -- even economists who ultimately decide that free trade is better than the alternatives.

Time Is of the Essence

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

With jobs and deficits at a critical stage, President Obama should immediately propose a 5% value added tax to replace the corporate income tax. This is realistic and doable.

Protectionism Didn't Cause the Great Depression

Ian Fletcher | Posted 05.25.2011 | Business
Ian Fletcher

The myths behind Smoot-Hawley continues to poison U.S. policymaking even today, as it renders the U.S. government fearful of retaliating against problems like Chinese currency manipulation.