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Mark Shields
Mark Shields
11 May 2013
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Different Trade Winds Blow

Comment

As King Henry VIII said to each of his six wives, "Don't worry, I won't keep you long. "

The public debate on free trade in the U.S. has essentially been one-sided. The nation's Establishment — financial, corporate, academic and press — has always unequivocally backed any and all free-trade agreements. When the editorial pages of The New York Times, The Wall Street Journal and The Washington Post simultaneously endorsed the North American Free Trade Act in 1993, the public debate was basically over and the deal was effectively sealed.

Trade-deal opponents were dismissed by the establishment press as certified eccentrics (Ross Perot) or short-sighted "economic nationalists" (union members and Democratic officeholders such as former House leaders Dick Gephardt of Missouri and David Bonior of Michigan). Business interests always insisted that trade pacts include enforceable protection of intellectual property, but when opponents insisted that the treaties include workers rights, environmental rights and human rights, they were patronized as unrealistic and obstructionist.

I felt at the time, and still do, that one major reason for the monolithic press support for free trade treaties was that no editorial writer or Washington bureau chief ever was at risk of losing her or his job to a Chinese or Third World journalist willing to work for $30 a week.

But painful human casualties — characterized by 19 consecutive months of U.S. unemployment above 9 percent — have finally routed abstract theory. The national tide has turned against unfettered free trade.

Please don't take my word for it. Listen to the candid counsel delivered by respected Republican pollster Bill McInturff to a Wall Street Journal conference of CEO's that "free trade has become synonymous with outsourcing, with shipping jobs overseas."

There is among Americans, McInturff noted, "a growing sense that other countries are taking advantage of us." It is in the numbers of the surveys, among others, that Republican McInturff and respected Democratic pollster Peter Hart together do for the Wall Street Journal-NBC News where, "when you ask people, has free trade helped the economy, by a two-to-one margin, they say (free trade) has hurt."

This judgment is now dominant among "Republicans, upper-income households and people with the largest assets," whose support for free trade "has dropped precipitously."

In the last 10 years, jobs in American manufacturing have dropped by one-third.

There are today more than 5.6 million fewer manufacturing jobs with good wages and good benefits than there were just 10 years ago. You may not want to call it, as Ross Perot did, "a giant sucking sound," but manufacturing as a share of the U.S. economy has shrink over the past two generations by 71 percent.

Obviously, this hemorrhaging is not attributable solely to free trade. But those treaties have further fed the growing public perception that we in the United States don't make anything anymore except deals and, maybe, movies, and that American financial and corporate interests have been more than willing to sacrifice American jobs on the altar of higher profits.

Last year alone, primarily due to the national recession but also because every year fewer and fewer employers offer health insurance to their workers, the number of Americans without health insurance increased by 4.3 million to 50.7 million in all.

Free trade obviously is neither the only villain in this melancholy story, nor would its suspension miraculously restore lost American prosperity. But the uncritical embrace of free trade by the comfortable American establishment left in its wake shattered dreams and battered communities. It was only inevitable that by late 2010 the country's "trade winds" are blowing in a much different direction.

To find out more about Mark Shields and read his past columns, visit the Creators Syndicate web page at www.creators.com.

DISTRIBUTED BY CREATORS.COM

COPYRIGHT 2010 MARK SHIELDS



Comments

1 Comments | Post Comment
Sir; ...I think you cited the wrong Henry... Henry the VII avoided war like the plague, built up national trade with exports and tariffs, made difficult the export of gold, and traded in kind with foreign countries... He did everything right that we are doing wrong, and left England in a better condition than he found it... What is our excuse except the fact that our capitalists export our capital in order to employ slave labor, and profit on selling to us what we could just as well produce here with less profit and more sense...Where does it say anywhere in the constitution that the whole energy of government should be bent to serve the needs and desires of capital??? That is not what we were about, but only what we have become, and it does not work for us; nut only makes us slaves as though we could compete with them with out becoming like them... Thank you.... Sweeney
Comment: #1
Posted by: James A, Sweeney
Fri Dec 17, 2010 8:17 PM
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