Why Our Economy is Collapsing
OPS_admin | Mar 25, 2010 | Comments 0
This country imports consumer goods that could and should otherwise be made at home.
The United States is in open competition with the same countries from which we buy our goods and finance our government. These countries supply our consumption while simultaneously competing fiercely against our companies in international markets. Nations like India, Japan, and China, along with trade blocs like the European Union, rail against the U.S. when we use “protectionism” because they do not want to have their unfettered access to our market tampered with.
Other countries, like China and Japan, protect their companies by putting limits and restrictions on the amount of American-made goods flowing into the markets. The United States puts up no such regulations, and is thus flooded with foreign-made goods.
NAFTA, and other “free trade” agreements, favor the foreign producers. We are told by the WTO and the EU that we cannot and should not protect our own economy. Through “free trade” the U.S. must open itself to all foreign interests.
Full Story: Why Our Economy is Collapsing | Economy In Crisis.
Filed Under: Economy - Labor • Featured
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