Free trade

Clinton Economists: A Storm Is Coming

Posted by Billbar from Alternet

When Robert Rubin speaks his mind, his thoughts on economic policy are the gold standard for the Democratic Party. Rubin now freely acknowledges what the American establishment for many years denied or dismissed as inconsequential--globalization's role in generating the thirty-year stagnation of US wages, squeezing middle-class families and below, while directing income growth mainly to the upper brackets. A lot of Americans already knew this. Critics of "free trade" have been saying as much for years. But when Bob Rubin says it, his words can move politicians, if not financial markets.

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