Tuesday, August 24, 2010

Washington Post Invents Debate Over "Free Trade"

The peerless Dean Baker points out that the Korean trade deal doesn't free trade. Many trade barriers remain, and some -- like patent and copyright protections -- are increased. He writes

...the trade agenda of the United States had been about reducing barriers to trade in manufactured goods with the purpose of putting non-college educated workers in direct competition with much lower paid workers in other countries.

Baker has a better description of the Korea trade deal: "one-sided protectionism."

Amen, brother.