AOC’s advocacy of a tax rate of 70-80 percent on very high incomes, is obviously crazy, right? Who thinks that makes sense? Only ignorant people like - Peter Diamond, Nobel laureate in economics, arguably the world’s leading expert on public finance
The real battle is now between two post-globalization camps: democratic socialists… and fascists.
All North American workers, however, would benefit from the new labor chapter. Mexican “protection unions,” set up before anyone is hired to lock in low wages, would be effectively banned under the agreement.
The fallout from the trade wars could be horrific if Trump refuses to back down, while the countries he’s attacking ratchet up their own responses, whether in terms of tariffs or simply a refusal to buy American goods.
The U.S. media got the historic election of Andrés Manuel López Obrador all wrong. The winner by a landslide was Andrés Manuel López Obrador, a socialist reformer and unabashed champion of the working class. It’s a hugely significant turn of events.
Would the US be better off helping stabilize the Chinese economy, rather than gearing up for a trade war?
Free-market orthodoxy has failed. It’s time to consider our public interest. Europeans, Canadians and Mexicans buy more American goods and services than anyone else in the world. So why would the Trump administration be willing to start trade wars?
Labor in Commonwealth countries from the former British empire want to ensure that there is no cliff edge before Brexit becomes a reality.
The US trade deficit is the result of a conscious globalization strategy by large multinational corporations. This strategy has greatly paid off for them. They have been able to use their mobility to secure lower wages, reduced regulations and lower taxes.
The trade treaty, now up for renegotiation, has displaced millions of Mexican workers, and many thousands of U.S. workers as well. A U.S. autoworker earns $21.50 an hour, and a Mexican autoworker $3, but a gallon of milk costs more in Mexico than it does here. People were migrating from Mexico to the U.S. long before NAFTA, but the treaty put migration on steroids.
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