• 1,097 days Will The ECB Continue To Hike Rates?
  • 1,098 days Forbes: Aramco Remains Largest Company In The Middle East
  • 1,099 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,499 days Could Crypto Overtake Traditional Investment?
  • 1,504 days Americans Still Quitting Jobs At Record Pace
  • 1,506 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,509 days Is The Dollar Too Strong?
  • 1,509 days Big Tech Disappoints Investors on Earnings Calls
  • 1,510 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,512 days China Is Quietly Trying To Distance Itself From Russia
  • 1,512 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,516 days Crypto Investors Won Big In 2021
  • 1,516 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,517 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,519 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,520 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,523 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,524 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,524 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,526 days Are NFTs About To Take Over Gaming?
Billionaires Are Pushing Art To New Limits

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

  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