• 577 days Will The ECB Continue To Hike Rates?
  • 578 days Forbes: Aramco Remains Largest Company In The Middle East
  • 579 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 979 days Could Crypto Overtake Traditional Investment?
  • 984 days Americans Still Quitting Jobs At Record Pace
  • 986 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 989 days Is The Dollar Too Strong?
  • 989 days Big Tech Disappoints Investors on Earnings Calls
  • 990 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 992 days China Is Quietly Trying To Distance Itself From Russia
  • 992 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 996 days Crypto Investors Won Big In 2021
  • 996 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 997 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 999 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,000 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,003 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,004 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,004 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,006 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