Of course just about the whole structure of the capitalist system as it’s existed for the past five hundred years – not to mention the monopoly capitalist system we’ve had for the past 150 or so – has “everything to do with politics and nothing to do with laissez-faire economics.”
Let me ask Vox a question: when was the last time that America’s chair industry hiked the price of chairs 400% and suddenly nobody in the country could afford to sit down? When was the last time that the mug industry decided to charge $300 per cup, and everyone had to drink coffee straight from the pot or face bankruptcy? When was the last time greedy shoe executives forced most Americans to go barefoot? And why do you think that is?
In one thing Ebeling is right: his criticism of Clinton and Trump for suggesting it’s other countries that benefit at the expense of Americans. In actual fact it’s transnational corporations that are gaining at the expense of working people and consumers in both the United States and other countries.
Syndicated from In Case You Missed It Continue reading Corporate “Free Trade” IS Zero-Sum
The news media and advocates of the proposed Trans-Pacific Partnership (TPP) trade agreement have repeatedly described opponents of the deal as “protectionist” or opposed to trade itself….
But opposition to the TPP is not accurately described as opposition to all trade, or even to free trade.
In fact, the deal’s major impact would not come in the area of lowering tariffs, the most common trade barriers. The TPP is more focused on crafting regulatory regimes that benefit certain industries.
So the most consequential parts of the deal would actually undermine the free flow of goods and services by expanding some protectionist, anti-competitive policies sought by global corporations.
Syndicated from In Case You Missed It Continue reading Despite What Media Says, TPP Isn’t About Free Trade — It’s About Protecting Corporate Profits