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DU Home » Latest Threads » Forums & Groups » Retired » Retired Forums » 2016 Postmortem (Forum) » Bernie/Trump/Hillary On T... » Reply #29

Response to TomCADem (Reply #20)

Thu Jun 2, 2016, 12:37 AM

29. Sanders is proposing something different than Smoot Hawley.

Sanders is a proponent of returning to the GATT-like solutions that existed prior to the WTO and Free Trade Agreements that turned loose the trans-nationals.

Smoot Hawley when enacted gave a limited boost then added to the Depression by reducing trade. Gains were made in bits by weakening Smoot Hawley but there was a Depression and then WWII to occupy folks. After WWII there was Bretton Woods and GATT to organize monetary, financial, and trade relations. The system worked well for 50 years. The neo-liberals and globalists looked for ways to weaken the system to their advantage through the politics and succeeded. The free trade deals as others noted contain far more than actual trade; in this thread I tried to focus on the trade itself. Free trade is sort of a will-o'-the-wisp in that it really never exists as the free market assumptions are never met.

The USA has developed a huge trade deficit with China. What is required is to go through trade relations line item by line item; of course, China will not like something that impacts their perceived interests.

No link. I make up what I write in sort of an informed way unless linked to something.

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Replies to this discussion thread
Arrow 31 replies Author Time Post
TomCADem May 2016 OP
hollysmom May 2016 #1
larkrake May 2016 #2
TomCADem May 2016 #3
JDPriestly Jun 2016 #17
Armstead Jun 2016 #21
Recursion May 2016 #4
JDPriestly Jun 2016 #16
PufPuf23 May 2016 #5
PufPuf23 May 2016 #7
EndElectoral May 2016 #8
PufPuf23 May 2016 #10
TomCADem May 2016 #11
PufPuf23 Jun 2016 #12
JDPriestly Jun 2016 #14
PufPuf23 Jun 2016 #18
TomCADem Jun 2016 #20
Armstead Jun 2016 #22
TomCADem Jun 2016 #23
Armstead Jun 2016 #24
LineLineLineLineLineLineLineNew Reply Sanders is proposing something different than Smoot Hawley.
PufPuf23 Jun 2016 #29
TomCADem Jun 2016 #30
PufPuf23 Jun 2016 #31
JDPriestly Jun 2016 #15
pampango Jun 2016 #28
PufPuf23 May 2016 #9
jillan May 2016 #6
CrowCityDem Jun 2016 #26
pampango Jun 2016 #27
JDPriestly Jun 2016 #13
pampango Jun 2016 #19
AgingAmerican Jun 2016 #25
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