Date registered: Sep 2004
Vehicle: 83 Astral Silver 280 SL
Location: Planet Houston
Mentioned: 0 Post(s)
Quoted: 8 Post(s)
NAFTA isn't responsible for the death of manufacturing in North America. A far larger and more powerful trigger was China's inclusion in the WTA. Have a look at pretty much everthing you buy nowadays. It doesn't say "Made in Canada" or "Made in Mexico" on it. These jobs have been sent to places like China, Sri Lanka, Vietnam, the Philippines and Cambodia. I live in the industrial heartland of Canada, and I can tell you for a fact that we have not enjoyed an industrial renaissance thanks to NAFTA. We floated on a low-valued currency for all but the last two years since the agreement came into effect. Of course, now that resources are hot (again, thanks to China's voracious demand for anything that can be pulled out of the ground), our dollar is at par with yours, which has removed any former labour cost savings. When our plants close the jobs go to the same place that your jobs migrate to. All in the name of maximizing shareholder value.
Open it at your own risk. Believe me, there are people up here who would love to re-open the agreement and talk about things like the failed dispute resolution system. We'll also be pushing to remove things like fresh water from the list of designated commodities. Both Clinton and Obama have been pretty clear that they intend to use the lever of US economic purchasing power to force both Canada and Mexico to renegotiate terms more favourable to the US, and there seems to be traction for that in parts of the country. Canada will really only have one major economic stick to wield in a war like that, which is the fact that we are the single largest supplier of oil and natural gas to the US, and that supply does not require an expensive military committment to keep coming. The pressure to use energy as a weapon will be too overwhelming for any politician up here to ignore. Be prepared for your energy costs to skyrocket, and your involvement in the Middle East to increase as a result.
I'm not saying that's what I want to see happen. I'm saying that is what our response will be. If you want to protect manufacturing job losses in your country (much as I want to protect them in mine) then you should be lobbying your government to get protectionist with Chinese imports.
Exactly. And cmitch's textile manufacturers were the first one to go there. I like NAFTA, I hope it leads to the eventual unification of the continent. For every empty industrial park in his neighborhood we are building three in Houston.
Recall that earlier generations faced down fascism and communism not just with missiles and tanks, but with sturdy alliances and enduring convictions. They understood that our power alone cannot protect us, nor does it entitle us to do as we please. Instead, they knew that our power grows through its prudent use; our security emanates from the justness of our cause, the force of our example, the tempering qualities of humility and restraint.
-President Barack Obama, 1st Inaugural address