BusinessWeek Champions Case Against Free Trade
It’s this type of reporting that would make Lou Dobbs proud.
The February 11 issue of BusinessWeek cast doubt on the advantages free trade for the
“Yet concern is rising that the gains from free trade may increasingly be going to a small group at the top,” Sasseen wrote. “For the vast majority of Americans,
Sasseen referenced an article co-written by Slaughter in the July/August 2007 issue Foreign Affairs. What's Slaughter’s plan to combat the crisis? Slaughter sees “a need for some form of income redistribution to spread the gains from free trade to more workers”
“In a controversial article Slaughter co-wrote last summer for Foreign Affairs, he proposed ‘A New Deal for Globalization’ in which payroll taxes for all workers earning below the national median income level would be eliminated,” Sasseen wrote. “Slaughter has talked with campaign advisers in both parties. So far, he has no takers. But it's one more sign of how far the trade debate has moved.”
What else does Sasseen use to make the case that free trade isn’t such a good thing? Hillary Clinton’s chief economic adviser, Gene Sperling.
“The question of whether spreading globalization and information technology are strengthening or hollowing out our middle class may be the most paramount economic issue of our time," Sperling said to BusinessWeek.
Sasseen also included Barack Obama’s economic adviser, Austan D. Goolsbee, a professor at the
Sasseen ignored the consequences of interfering with free trade. If we imposed some sort of barriers to promote a fair trade policy with one of our trading partners, like
“If you were to require that we have no imports from
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