Sunday, May 18, 2008

Free Trade: Protectionist Provisions for Corporate Profits

David Sirota has a good post at Open Left about the debate over Free Trade. Sirota's key point is that even though Free Traders call those opposed to Free Trade deals protectionists, in reality Free Trade agreements are protectionist provisions for corporate profits.

As Democrats sharpen their fair trade talk and promises, people like John McCain are making wild accusations claiming that such moves will alienate the rest of the world - when in fact the actual public opinion data shows precisely the opposite. Far from quelling anti-Americanism and building diplomatic bridges, our current trade policies exacerbate anti-Americanism and burn what few diplomatic bridges we have left.

This isn't to say that the rest of the world is "anti-trade." That's the tired, cartoonish phrase that the "free" trade extremists use to describe anyone who wants a new trade policy (and I put "free" in quotes because, as Solis notes in my column, "free" trade deals are protectionist - they are just protectionist for corporations). Progressives here and abroad are all for trade and commerce - they just want the rules of trade to protect people and the environment, before they protect corporate bottom lines.

The problem, of course, is that the debate over globalization has left the "reality-based" world. While reformers are arguing with actual facts, figures and history, the Establishment argues with empty rhetoric that actually thumbs its nose at facts. Remember, it was none other than Tom Friedman - America's leading cheerleader for status quo trade policies - who actually went on national television and bragged that "I wrote a column supporting CAFTA. I didn't even know what was in it. I just knew two words: free trade." That's right - in the face of growing global animosity to America's trade policy, our country's leading Republican displays no understanding of trade policy, and our country's leading "intellectual" thinker on trade trumpets the fact that he advocates for trade deals that he doesn't even bother to read.

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