create cheap goods, but it also undermined the way that the social fabric works
for - progress trap - AI
create cheap goods, but it also undermined the way that the social fabric works
for - progress trap - AI
AI is like another version of NAFTA. I
for - progress trap - AI - like NAFTA
You can go to Walmart and go to Amazon and things are unbelievably cheap. But it hollowed out the social fabric and the median worker is not seeing upward mobility
for - progress trap - NAFTA
NAFTA displays the classic free-trade quandary: Diffuse benefits with concentrated costs.
for - key insight - free trade - from - Backfire: How the Rise of Neoliberalism Facilitated the Rise of The Far-Right
quote - free trade - (see below)
key insight - free trade - NAFTA displays the classic free-trade quandary: - Diffuse benefits with - concentrated costs - While the economy as a whole may have seen a slight boost, - certain sectors and communities experienced profound disruption. - A town in the Southeast loses hundreds of jobs when a textile mill closes, - but hundreds of thousands of people find their clothes marginally cheaper. - Depending on how you quantify it, the overall economic gain is probably greater but barely perceptible at the individual level; - the overall economic loss is small in the grand scheme of things, - but devastating for those it affects directly.
from - Backfire: How the Rise of Neoliberalism Facilitated the Rise of The Far-Right - https://hyp.is/F6XYujyREe-TaldInE8OGA/scholarworks.arcadia.edu/cgi/viewcontent.cgi?article=1066&context=thecompass
for - NAFTA free trade - complexities
NAFTA free trade deal - complexities - NAFTA was a a very complex trade deal and it's not so easy to calculate its net impacts
from - How neoliberalism played a role in emerging the far-right - https://hyp.is/F6XYujyREe-TaldInE8OGA/scholarworks.arcadia.edu/cgi/viewcontent.cgi?article=1066&context=thecompass
for - adjacency - Neoliberalism - rise of the Far-Right - paper summary
paper summary - title: Backfire: How the Rise of Neoliberalism Facilitated the Rise of the Far-Right - author: Jacob Fuller - date: April 2023 - publication: The Compass: Vol.1: Iss. 10, Article 3 - download link: https://scholarworks.arcadia.edu/thecompass/vol1/iss10/3
summary - A good paper that examines the root causes of the ascendency of the far-right in U.S. politics, based on harmonizing two theories - emergence of neo-liberalism - racialized economic anxieties
to - How Did NAFTA Affect the Economies of Participating Countries? - https://hyp.is/0j7PsjyUEe-LGOsFIWCyWA/www.investopedia.com/articles/economics/08/north-american-free-trade-agreement.asp
This decline in agricultural produc-tion, coupled with a sheer reduction in wages due toa lack of labor and regulatory standards in the agree-ment, created over 1.3 million lost jobs in the Mexicanagricultural sector alone, leading to an unprecedentedlevel of immigration into the United States
for - quote - Mexico - NAFTA job loss - stats - Mexico - NAFTA job loss
quote - Mexico - NAFTA job loss - - This decline in agricultural production, - coupled with a sheer reduction in wages due to a lack of labor and regulatory standards in the agree- ment, - created over 1.3 million lost jobs in the Mexican agricultural sector alone, - leading to an unprecedented level of immigration into the United States
stats - Mexico - NAFTA job loss - Mexico lost 1.3 million jobs due to mass migration to the US due to NAFTA
fol-lowing the signing of NAFTA there has been a drasticincrease in the number of Mexican immigrants arriv-ing to the United States through the Southern Border
for - NAFTA impacts - US - Mexico
NAFTA impacts - US - Mexico - NAFTA was a neoliberal trade deal brokered between the US, Canada and Mexico to promote "free trade" - 10 years after signing NAFTA, Mexico reduced tariffs of US agricultural products<br /> - This resulted in a form of subsidizing US farmers, who outcompeted Mexican farmers, - causing many Mexican farmers to move or illegally migrate to the U.S.
He negotiated the North American Free Trade Agreement with Canada and Mexico, a measure that was ratified by the Senate in President Bill Clinton’s first term.
Interesting that he dies on the same day that Trump declares victory over the death of NAFTA.