| | Theoretically, the advocates of free trade argued, reduction of tariffs would encourage non-democratic and corrupt developing world regimes to become more [[democracy|democratic]]. Alternatively, in the communist bloc of nations, all the contradictions of [[Marxism]] prohibited individuals from making any choices to improve their own economic wellbeing or engage in trade with a profit motive. | | Theoretically, the advocates of free trade argued, reduction of tariffs would encourage non-democratic and corrupt developing world regimes to become more [[democracy|democratic]]. Alternatively, in the communist bloc of nations, all the contradictions of [[Marxism]] prohibited individuals from making any choices to improve their own economic wellbeing or engage in trade with a profit motive. |
| − | By 2014, when improvement of the [[human rights]] record in countries such as [[Russia]], [[China]], [[Saudi Arabia]], [[Mexico]] or [[Turkey]], to name only a few, failed to materialize, the belief that shipping U.S. and EU manufacturing jobs to less developed countries would encourage them to become more democratic was exposed as seriously flawed. The [[Iran nuke deal]] - reducing trade restrictions against Iran, and the [[Magnitsky Act]] or Russia sanctions bill are testaments of the false premise - that free trade leads to democratization and improved human rights. The free trade movement in America was built on this false premise beginning in the 1980s. | + | By 2014, when improvement of the [[human rights]] record in countries such as [[Russia]], [[China]], [[Saudi Arabia]], [[Mexico]] or [[Turkey]], to name only a few, failed to materialize, the belief that shipping U.S. and EU manufacturing jobs to less developed countries would encourage them to become more democratic was exposed as seriously flawed. The [[Iran nuke deal]] - reducing trade restrictions against Iran, and the [[Magnitsky Act]] or [[Russia sanctions]] bill are testaments of the false premise - that free trade leads to democratization and improved human rights. The free trade movement in America was built on this false premise beginning in the 1980s. |
| | The post-[[World War II]] free trade movement really dates from the mid 1950s and creation of the European Common Market, which evolved into the European Union with its own [[parliament]] by the 1980s. To compete with the burgeoning economic power of the European Union, reducing North American trade barriers was finalized in the [[NAFTA]] agreement by 1996. Cold War politics cannot be overlooked in understanding how the modern free trade movement was built on a house of cards. | | The post-[[World War II]] free trade movement really dates from the mid 1950s and creation of the European Common Market, which evolved into the European Union with its own [[parliament]] by the 1980s. To compete with the burgeoning economic power of the European Union, reducing North American trade barriers was finalized in the [[NAFTA]] agreement by 1996. Cold War politics cannot be overlooked in understanding how the modern free trade movement was built on a house of cards. |