A Simple “Trade” Solution to Boost Workers Across the Planet


Naked Capitalism has the article A Simple “Trade” Solution to Boost Workers Across the Planet.

But the reason Third World workers get such a large share of jobs is because their wages are low. Third World countries export so much of what they produce because their workers cannot afford to buy these goods themselves. Handicapping them will only drive their wages lower, making them even more attractive to foreign corporations.

Is which group of workers to hurt, the only choice? Is there no trade policy that can help all workers at the same time? There is.

Remember that this is just one part of the solution. Don’t get hung up on thinking this is THE silver bullet that will fix everything instantly. However, when you hear representatives of the oligarchs tell you that we must protect “our” “intellectual property” from the foreigners learn to cringe at what they are trying to foist upon us.

There are a raft of ideas on how to rethink trade agreements so that they are good for everybody, not just the wealthy and the multi-national corporations.  Free trade done right is a good thing for all of us.  The ideas in this article are just examples of some of the things that could be done.

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