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To: Theoria
I am a free trader only because TRUE free trade floats all boats. The problem is not really with NAFTA but with the unfair trade relationship the US has with China. That agreement grants China all the benefits with none of the draw backs and puts the US at a massive disadvantage. Duncan Hunter and others have done a good job already delineating why that is. A personal experience I thought I would stop buying cheap Walmart running shoes and crappy Chinese made Nikes and shop for some up market shoes. You can't find shoes that are NOT made in China. Even New Balance only manufactures 20% of their shoes in the US. Something went wrong here.
8 posted on 02/23/2015 11:05:32 AM PST by Sam Gamgee (May God have mercy upon my enemies, because I won't. - Patton)
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To: Sam Gamgee
"I am a free trader only because TRUE free trade floats all boats."

Are you sure? You need to look into the special cases of what happens when one country has high unemployment. There is no guarantee that trade will benefit both countries.

Comparative Advantage says that when two people/parties/countries specialize and trade goods that total wealth is increased. But there is no guarantee that both countries will benefit, especially when one of them has high unemployment.

And that is limited to trading trade goods. WHen one country trades goods for the debt or equities of the other country. It's a wealth drain to the country that lets it happen to them.

12 posted on 02/23/2015 11:19:10 AM PST by DannyTN
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