Was Ross Perot right in suggesting that NAFTA would result in a “giant sucking sound”, with US jobs fast disappearing over the border to Mexico? Or did the number of jobs increase after NAFTA went into effect? Thomas Sowell is in search of the facts.
Tag: economics
10 truths about trade
“Is globalisation sending the best American jobs overseas? If you get your news from CNN’s Lou Dobbs, the answer is ‘of course’.” Brink Lindsey puts some commonly made assumptions about the US American economy to the test. Useful reading even if, like me, you do not live in North America.
A cloud over civilisation
“Wars are a major threat to civilised existence, and a corporate commitment to weapons procurement nurtures this threat.” Economist John Kenneth Galbraith argues that companies control the state.