NAFTA Integration: Unproductive Finance and Real Unemployment

NAFTA did not begin on January 1, 1994, but rather, many years earlier in 1988 with the Canadian/USA Free Trade Agreement and with President Carlos Salinas de Gortari\u27s economic reforms. The latest Mexican crisis is but the historic continuation of its 1982 debt crisis. Both are part of the larger global stagnation crisis which began in the 1970s and continues today. NAFTA is not a free trade agreement, but rather the creation of a North American trade block, designed and implemented by American multinational corporations to obtain a greater share of a stagnant global output. It is not a win, win bargain of benefits for all, but rather a lose, lose deal which redistributes wealth and income from the mass of the American peoples to a few wealthy international property owners. This reality is obscured, distorted, and denied by conservative politicians and the corporate-dominated press, a deception which continues despite mounting evidence to the contrary in all three countries