Editor's note: The results of the North American Free Trade Agreement show clearly that it is a device to enrich capital at the expense of Mexico's, Canada's, and the U.S.'s most defenseless citizens. Once again people are learning the hard way that capital only looks out for its own interests and needs severe controls, if not replacement by a more humane economic system. Please read elsewhere on this site about Prout's proposal for economic democracy: an economy of the people, by the people, and for the people.
Three-Country Study Details Effects on Economies, Labor Markets
Twelve years under the rules of the North American Free Trade Agreement, or NAFTA, has had a perverse impact on the distribution of income, wealth, and political power across the continent. A new three-country report shows that NAFTA has not lived up to its promise of better jobs and faster growth for Mexico, Canada, and the United States. Instead it has promoted an integrated continental economy with rules set by and for the benefit of the political and economic elite. NAFTA Revisited, a report released [this autumn] by the Economic Policy Institute, details the trade deal's effects on the economies, working people and the labor markets of all three nations.
