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Glossary

Thursday, May 26, 2011

North American Free Trade Agreement (NAFTA)

 

The 18th and the 19th centuries were game changers in terms of socioeconomic and cultural growth in Europe and North America, and that growth eventually spread around the world. Historians call this chapter in human expansion the Industrial Revolution. There were major changes in agriculture, transportation, mining and manufacturing, and technology became the buzzword for a new generation. Robert E. Lucas Jr., the American economist and 1995 Noble prizewinner wrote, "For the first time in history, the living standards of the masses of ordinary people have begun to undergo substantial growth."

In 1992, after a few years of bickering and head slapping, George H.W. Bush signed the North American Free Trade Agreement (NAFTA), which included the US, Canada and Mexico. Most Americans as well as Canadians welcomed the treaty, especially if it could reduce retail prices on everyday products and not take jobs away from the battered working class that was barely hanging on in the midst of China's goods, India's services and Japan's cars. The agreement had a few political bugs in it and was opposed by several groups in the US as well as Canada so Clinton later modified the agreement in order to make it work.

NAFTA is now composed of 22 chapters that outline the guidelines each country must follow. These chapters supposedly covered every conceivable aspect of country-to-country trade, but several annexations have been applied to the chapters since 1993. These annexations include environmental concerns as well as the separation of state, federal and provincial governments.

Thirty organizations are also involved in NAFTA. They oversee trade policies, as well as NAFTA's composition, plus they settle disputes and internal issues that slow down the process.

Some legislatures still believe that NAFTA is a bad idea since jobs were lost in certain industries and because there have been NAFTA violations by all three countries. More than this, it has become increasingly clear that NAFTA and other such managed trade agreements are nothing more than ways to bleed America dry of valuable jobs and labor.

The strategy behind such managed trade is apparently to weaken America sufficiently that its citizens eventually become amenable to a larger North American Union of Mexico, Canada and the US. This charge has been denied by America's elite chattering (bureaucratic) classes. But anyone who bothers to look into the matter on the Internet can easily see the truth of it.

No matter the foundering of the EU, the Anglosphere elites continue with their crazy determination to create one world government from the building blocks of regional entities. These managed trade agreements, like currency unions, are merely more attempts at creating centralized international regions that provide justification for true, formal world government. There are plenty of reasons to celebrate them – or criticize them – but those who do are missing the real point.


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