• 1,002 days Will The ECB Continue To Hike Rates?
  • 1,002 days Forbes: Aramco Remains Largest Company In The Middle East
  • 1,004 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,404 days Could Crypto Overtake Traditional Investment?
  • 1,409 days Americans Still Quitting Jobs At Record Pace
  • 1,410 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,414 days Is The Dollar Too Strong?
  • 1,414 days Big Tech Disappoints Investors on Earnings Calls
  • 1,415 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,416 days China Is Quietly Trying To Distance Itself From Russia
  • 1,417 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,421 days Crypto Investors Won Big In 2021
  • 1,421 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,422 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,424 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,424 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,428 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,429 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,429 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,431 days Are NFTs About To Take Over Gaming?
  1. Home
  2. Markets
  3. Other

Now we have CAFTA and that Rhymes with NAFTA... More Trouble in River City?

Summary

I'm a solid capitalist, one who was once a staunch advocate of free trade. However, in 1992, when discussions of the North America Free Trade Agreement were running hot and heavy, I sensed something was amiss.

In the final analysis, I wound up opposing the passage of NAFTA. Moreover, that was the point in time at which I decided that if NAFTA had come to represent the embodiment of free trade, I no longer could be a free-trader. To succeed, "free trade" and "fair trade" must be synonymous. What I have come sadly to accept is that this simply is not achievable.

Now along comes the Central America Free Trade Agreement or "CAFTA." To be honest, I was summarily opposed to it, because its selling points had much too familiar a ring.

Continue to Gillespie Research for the balance of the essay: http://www.gillespieresearch.com/cgi-bin/s/article/id=635

Back to homepage

Leave a comment

Leave a comment