The end of next month, July, 2008, will mark the closure of Chaco Sandals production; in the U.S.
When I wrote “The Biggest Lie Ever Believed,” I pointed out that a U.S. company cannot under any circumstances compete with labor that is being paid at 50 times less. You didn’t read that wrong, fifty times less.
There is a great difference between free trade and fair trade. What William Jefferson Clinton signed on both NAFTA and the WTO were free trade agreements, there was never anything fair about it. Ask the more than 8.5 million people who are now unemployed in the U.S. whether it was fair.
Our current government is totally unfit to govern. They are complete and total failures and have led us to a place that we may never recover from. When I say our “current government,” I’m not talking about George Bush. While George Bush has been a total failure at his leadership, it isn’t his signature on the bottom of NAFTA and the WTO.
Leadership has known that our system of exponential growth would fail from the time this growth oriented society began. But those who were vocal and pointed out the obvious cracks in the foundation were marginalized as “Chicken Little’s.”
In 1971, the U.S. was forced to go off the gold standard permanently. From that time forward, our system of growth beyond natural limits has been supported by “The Biggest Lie Ever Believed.”
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