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Showing blog posts tagged with trade

Memory and Myth in Economic Policymaking

Memory and Myth in Economic Policymaking

The real world is quite complicated. We make sense of it for the purposes of assessing policies by using the shorthand incorporated in accepted myths and memories. For instance, James W. Loewen explains how the many “facts” that can be brought to bear to explain the Civil War have been condensed into a myth that the Confederacy was about protecting states’ rights and intersectional differences over policies from an overpowering federal government. This myth, or the sense of memory that most Americans have in understanding the Civil War, of course masks the racism inherent in most right-wing extremism in the United States today. That “memory” of the Civil War lets people look past the racism of Donald Trump, to interpret him as heir to that stream of Americana of someone who bravely battles the meddling federal government in Washington.

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New ITC Trade Report Shows How Dangerous TPP Is for America’s Families

This week, the U.S. International Trade Commission published a damning report about the Trans-Pacific Partnership, a trade and economic agreement between the United States and 11 other countries. The report predicts the TPP will increase the job-killing U.S. trade deficit by a whopping $21.7 billion.  

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New AFL-CIO Trade Video Warns That TPP Would Double Down on NAFTA’s Economic Devastation

The AFL-CIO released a video today showing firsthand the devastating economic impact the Trans-Pacific Partnership could have on communities across the country. When global companies move jobs offshore to take advantage of trade deals, they not only destroy jobs, they suppress wages, deprive local governments of needed resources and leave working families behind. 

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Who Benefits from Private Courts in the TPP? We’ll Give You One Guess

Image courtesy Wikimedia Commons

The Trans-Pacific Partnership sets up private “corporate courts,” with few rules, that are only open for multinational companies to sue countries. Nearly all the winnings in these "corporate courts" go to the world’s biggest corporations and richest people—and most of the rest goes to the lawyers who work in these tribunals, according to a new study.

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