Saturday, February 22, 2014

Elite Free Trade: Smell the Panic


 
By Staff Report - February 21, 2014

How to make the world $600 billion poorer ... Barack Obama's unwillingness to fight for free trade is an expensive mistake ... In July 2008, Barack Obama, then a candidate for the presidency, declared before an adoring crowd in Berlin that "true partnership and true progress [require] constant work and sustained sacrifice." So it is with free trade. If not championed by leaders who understand its broad benefits, it will constantly be eroded by narrow economic nationalism. Mr Obama now appears to be surrendering to protectionists within his own party. – The Economist

Dominant Social Theme: Free trade is the best and this fellow Barack ought to get with the program.

Free-Market Analysis: The power elite does not take kindly to political interference with one of its most sacred causes – so-called free trade.
We say "so-called" because the kind of free trade being practiced by nation-states these days is anything but "free." Each modern free-trade agreement comes attached to many thousands of pages of "fine type" that makes such agreements "managed."
And even more problematic, these agreements are written in part for the world's multinational corporations – titanic companies that would not exist without corporate personhood. Absent the force of the state propping up these corporations, they would subside into limited partnerships.  MORE

How to make the world $600 billion poorer ... Barack Obama's unwillingness to fight for free trade is an expensive mistake ... In July 2008, Barack Obama, then a candidate for the presidency, declared before an adoring crowd in Berlin that "true partnership and true progress [require] constant work and sustained sacrifice." So it is with free trade. If not championed by leaders who understand its broad benefits, it will constantly be eroded by narrow economic nationalism. Mr Obama now appears to be surrendering to protectionists within his own party. – The Economist
Dominant Social Theme: Free trade is the best and this fellow Barack ought to get with the program.
Free-Market Analysis: The power elite does not take kindly to political interference with one of its most sacred causes – so-called free trade.
We say "so-called" because the kind of free trade being practiced by nation-states these days is anything but "free." Each modern free-trade agreement comes attached to many thousands of pages of "fine type" that makes such agreements "managed."
And even more problematic, these agreements are written in part for the world's multinational corporations – titanic companies that would not exist without corporate personhood. Absent the force of the state propping up these corporations, they would subside into limited partnerships.
- See more at: http://www.thedailybell.com/news-analysis/35048/Elite-Free-Trade-Smell-the-Panic/#sthash.Bs22PCWL.dpuf

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