Monday, February 19, 2007

A Progressive Economic Agenda

James Galbraith has an interesting progressive economic manifesto for the US published in the Nation.

One little snippet on trade agreements:

Trade agreements pushing this agenda don't cost American jobs. The problem is that they are predatory. Thus a main effect of forcing open agricultural markets in Central America will be to displace small corn and bean farmers from the land, increasing migration: As food moves south, people move north. A main effect of the TRIPS regime--the international agreement on intellectual property rights--is that it has obliged poor countries to pay extortionate prices for medicines. A main effect of open financial markets is capital flight and tax avoidance. All of these are well worth opposing, without the crutch of a pretext, and a new agenda might start with this slogan: "Get the fraud out of free trade."

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