In 1994 US President Clinton Promised that NAFTA would create 200,000 jobs in two years , he got things seriously wrong . Twenty years later the USA has lost about a million jobs. U.S. corporations like GE, Chrysler and Caterpillar promised to create specific numbers of American jobs if NAFTA was approved. American government data revels that instead, they
fired U.S. workers and moved operations to Mexico.
The export of subsidized U.S. corn increased under NAFTA, destroying the livelihoods of more than one million Mexican campesino farmers and about 1.4 million additional Mexican workers whose livelihoods depended on agriculture. Though the price paid to Mexican farmers for corn plummeted after NAFTA, the deregulated retail price of tortillas - Mexico’s staple food - shot up 279 percent in the pact’s first 10 years. Real wages in Mexico have fallen significantly below pre-NAFTA levels as price increases for basic consumer goods have exceeded wage increases.
Trade deals that include investor protection clauses are a bad idea because they can prevent governments from passing laws to protect the environment. In Canada a $250-million damage suit being pursued as a result of Quebec's moratorium on fracking. Lone Pine company president Tim Granger says he is going ahead unless Quebec lifts its moratorium on fracking for natural gas under the St. Lawrence River.
There is only one winner in these sorts of agreement, that is Greed. The massive shift of wealth from bottom to the top and growing inequality demonstrates that free trade agreements are neither “free” or “fair” they are a threat to our human rights and dignity.
Every time a new free trade deal is dreamed up it is promised that it will be better than the last one. We can believe this 100%, the question is as always for whom ?