NAFTA worsened poverty in Mexico. But some did profit from "Free Trade." Mexico now has 12 billionaires. Before our government started selling off public enterprises to cronies to lay the groundwork for NAFTA, we didn’t have one.
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On both sides of the Atlantic, citizens are seizing upon trade agreements as a source of their woes. While this is an over-simplification, it is understandable. Today's trade agreements are negotiated in secret, with corporate interests well represented, but ordinary citizens or workers completely shut out. Not surprisingly, the results have been one-sided: workers' bargaining position has been weakened further, compounding the effects of legislation undermining unions.
American bureaucrats, seed sellers, food company executives and farmers seek the prizes that are likely to come if the United States ends its trade restrictions against Cuba.
Branko Milanovic offers us not just a plethora of facts about income inequality but brings them into a sound and rigorous global perspective, showing that what are too often treated as isolated national issues are on a world scale income massively maldistributed. While some nations saw the growth of a middle strata (China, for one) the real increase in world income is owned by the unprecedented 50-percent rise in incomes for the top 1 percent globally.
Can the EU still unite a continent shattered by world wars, or is it little more than a vehicle for austerity capitalism? Soon British voters will vote on Brexit - leaving the EU. Given the absence of a strong, continent-wide left, however, reversing the current economic rules of the EU may be a country-by-country battle. It's already underway - and for all of the economic power of the EU, the organization is vulnerable to charges that Brussels has sidelined democracy.
Support for coup regimes, militarization and privatization, trade deals that wreak economic havoc—they reveal the failure of Clintonism.
There's a lot of talk about TPP (Trans-Pacific Partnership) in this election campaign. Here are some of the things that are actually in it.
Among the accomplishments of the Cuban revolution have been the great strides made in the education of its entire people. Education is completely free from primary school through university. Cuba today has a literacy rate of over 96 percent, putting it at the top of all Latin America. But the struggling economy has not created the kind of economic opportunity that is commensurate with an educated population, particularly in the professions.
TPP's fate in congress is uncertain at best; Long-awaited text reveals gaps between administration claims and actual TPP terms on key congressional, public concerns. Many in Congress said they would support the TPP only if, at a minimum, it included past reforms made to trade pact intellectual property rules affecting access to affordable medicines. But the TPP rolls back that past progress and provides pharmaceutical firms with new monopoly rights for biotech drugs.
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