They say politics makes strange bedfellows and what could be stranger than far left Bernie Sanders and Donald Trump on the right agreeing on something? Both think free trade is a mistake and both oppose the proposed new TPP, a free trade agreement of 12 Pacific Rim nations.
But free trade modernizes economies and promotes political relationships among allies, in this case creating a major economic force to counter China. Prior free trade agreements like NAFTA have increased trade and raised wages. The problem Sanders and Trump point to is a loss of low-wage jobs. But that comes from modernization and globalization, not free trade.
This is one more case where Sanders and Trump are out of touch with the realities of modern economic policy. In the 21st century, it’s a mistake to turn back the clock to isolationist times when America tried to build walls of tariffs and taxes around its borders.[soundcloud url=”https://api.soundcloud.com/tracks/258852039″ params=”color=ff5500&auto_play=false&hide_related=false&show_comments=true&show_user=true&show_reposts=false” width=”100%” height=”166″ iframe=”true” /]