"Fair Trade" must be adopted as the trade policy of the U.S. for the sake of the survival of the U.S. working classes. If implemented correctly, it will result as well in an improvement of the living standard of workers throughout the world. This article will describe the deceptive and false premises used as an explanation of the need and justification for Globalization.The real motivation is an even more intensive exploitation of workers and resources worldwide. "Fair Trade" needs to be accepted worldwide as the only suitable and equitable means of sustaining a high standard of living in the U.S., as well as an improvement in living standards worldwide. I will end the article with some of the changes in trade policy necessary to implement "Fair Trade".
The theory of `Globalization` is based upon the premise that there are three practices which are necessary to ensure optimal worldwide trade. They consist of `free trade(the trading of goods and services with no duties, quotas, or other hindrances), free flow of capital, and the free flow of labor. The following paragraphs consists of a history of the evolution of "Globalization" and a description of the consequences to the working classes in the U.S. and overseas as these practices are implemented. Our "new"system of world trade, called "Globalization" is nothing more than "old wine in new bottles". The world has practiced "free trade" on and off for over 200 years starting with Great Britain`s industrialization and the desire for uninhibited trade during this period. The British were at least astute enough to pursue it only at the times when they were the world`s premiere trading nation. The U.S. started promoting it in 1944 under GATT, when the U.S. itself had become the worlds premier trading nation. But now, when it has become the worlds least competitive trading nation, it still persists in pursuing this practice. The continuation by the U.S. of "free trade"will eventually result in the drain of all major assets from U.S.(including ultimately the money supply), and the pauperization of its working classes.
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