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mynameis
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The Truth
Jun 17 2008, 03:17 PM
Can someone hear explain to me what is Nafta? I've meaning to look it up for a while. However never had the time.
North America Free Trade Agreement (NAFTA). Signed into law by Bill Clinton as a successor to the Central America Free Trade Agreement (CAFTA).

This treaty was signed into law as an alternative way to send U.S. manufacturers into other countries in the Americas, which were prohibited by laws and regulations to do business. The primary goal is for the stock holder's and a corporations black ink.

The Bureau of International Settlements (BIS), the World Bank(WB), and the International Montetary Fund (IMF) held countries, around and below the equator, on massive debts, which changed the political structure of those countries. Countries with massive debts which receive aid from the IMF, WB, and BIS must concede to the repayment conditions and conciliations for a number of years, as set by those organizations.

By weakening internal business laws, worker rights, and environmental laws, CAFTA and NAFTA allowed many corporations to take full advantage of the workers rights and lax business regulations or none thereof; thwarted and prevented by the BIS, WB, and IMF.

After companies in the United States left for the border to compete on the global market; our companies: corrupted those country's national politics, polluted on massive scales, continuously abused worker's rights, and fled in the end for China where worker wages were next to nothing.
Edited by mynameis, Jun 23 2008, 04:09 PM.
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