The U.S. continues to lurch down the rubble-strewn path of free-trade fantasy economics, signing yet more trade agreements when the ones we already have haven't delivered as promised.
Labor groups argue that the FTAs will result in more U.S. job losses. Obscured by the the debate, however, is the potential for negative economic effects in the partner countries as well.
These trade agreements achieve a rare trifecta: it's hard to imagine a single initiative that at one time could so infuriate anti-corporate activists, labor unions, and environmentalists at the very moment these disparate movements are finding solidarity and support in the streets.
If you want to know why politicians are so eager to pass a free trade agreement with Panama this month, type "Panama offshore banks" into Google and look at the paid ads.
You think America has learned its lesson from NAFTA, which the Labor Department has estimated cost us 525,000 jobs? Think again.
With the Republicans and the Obama administration attempting to rush headlong into a new trade agreements with Korea, and possibly also with Panama and Colombia, it is incumbent on Americans to apply a bit of empiricism.
If Tea Partiers want to get back to the original intent of the Constitution, Article I, Section 8 of the Constitution says plain as day that Congress has the power "to regulate commerce with foreign nations."
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.
SEOUL, South Korea -- California Gov. Arnold Schwarzenegger urged the U.S. Congress to quickly ratify pending free trade agreements with South Korea, ...
It's so easy for U.S. corporations to set up an offshore tax haven in Panama, an intern could do it. Really! To make this point, Public Citizen's Glob...
