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A steelworker recently asked me why the trade agreements signed over the past 15 years have consistently sold out the interests of America's workers.“I guess we must have lousy negotiators,” he said.
It’s a good question. But you can’t fully answer it without understanding the way that globalization has changed the values of the elites who negotiate for the rest of us. It’s not that they are bad dealmakers—it’s that they are not negotiating for us.
Meanwhile, the new figures out on the massive U.S. trade deficit—$726 billion in 2005, adding to a U.S. foreign debt of well over $3 trillion—show how current policies are pushing the economy toward a crisis and are another manifestation of what can be called a global class war.