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Monday, August 1, 2016

Free Trade and Moral Hypocrisy

Free Trade and Moral Hypocrisy

U.S. elites claiming moral superiority by demanding that other people do the sacrificing on trade issues is unprincipled hypocrisy.
By , July 21, 2016 | http://www.theglobalist.com/free-trade-and-moral-hypocrisy/

Takeaways

  • Claiming moral superiority by making other people sacrifice is unprincipled hypocrisy.
  • Low income Americans are kicked down the economic ladder by investor-privileged globalization.
  • Republicans divert attention from economic insecurity to issues like gun control and anti-immigration.
  • The wages of college graduates, male and female, minority and white, have been declining for a decade.
  • All market systems create economic classes. The global market is no different.
  • US needs a new model of economic integration, where the enemy is not the Mexican or Chinese worker.
The bipartisan U.S. trade policy of the last 20 years, if not dead, is on life-support. Voters are hostile, and therefore politicians are backing away from new proposals, such as the Trans Pacific Partnership.
The Washington policy class’ defense of these so-called Free Trade Agreements has collapsed in a tangle of intellectual contradictions.http://www.theglobalist.com/free-trade-and-moral-hypocrisy/

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