The US corporate false-news media is reporting one-half of a story, but not the other half.
It’s true Canadian Prime Minister Justin Trudeau said last Thursday he is willing to renegotiate the North American Free Trade Agreement (NAFTA), which US President-elect Donald Trump has said he wants to change or scrap.
During the campaign, Trump called NAFTA the worst trade deal the United States has ever signed, while proposing protectionist measures to repatriate American jobs lost to free trade.
Now here’s what the right and left corporate news media doesn’t want you to know.
The US NAFTA problem isn’t with Canada. It’s with Mexico. Ultra-rich US campaign donors corrupting the politicians of both major political parties, as well as Wall Street executives, hedge fund managers, and other CEOs, like exporting US jobs to Mexico, rather than to higher paying, more unionized, Canada. So while this is big news that Trudeau is willing to renegotiate NAFTA, it isn’t that big of a deal since Canada isn’t where US jobs are being exported to.
When the Mexican president says he is willing to renegotiate NAFTA, then that’s news worth reporting, but only if any new agreement includes enforceable high minimum wages equal to about $10 an hour in the USA, as well as high labor, health, and environmental standards. That’s not likely to happen because corporate profits will suffer, meaning stock and bond prices will fall.
In which case, don’t count on any serious re-negotiation of NAFTA that might benefit the 99 percent of the United States. And certainly don’t look for such a re-negotiation like this, because it would help Mexican workers.
Neither the US or Mexican governments represents the vast majority of the 99 percent. NAFTA, as is, redistributes income from the 99 to the 1 percent, and that’s what it was negotiated to do.