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The political economy of trade: a crucial issue for the left
Global South governments’ sovereignty and ability to decide future economic policy are severely compromised by signing free trade agreements, whose terms are heavily weighted in favour of the already wealthy countries of the global North, writes BERT SCHOUWENBURG
A rally demanding changes to the Trump administration’s revised North American Free Trade Agreement at the House Triangle in Washington DC, 2017 [Sally King/Public Citizen/Creative Commons]

ON NOVEMBER 26, the Morning Star editorial suggested that we should follow the century-old nostrum of German economist, Rudolf Hilferding in avoiding the “bourgeois dilemma” of protectionism or free trade and concentrate instead on building a socialist society. 

Whether or not they knew anything of Hilferding’s writings, the Zapatista Liberation Army in the Mexican state of Chiapas had different ideas when they launched an armed insurrection on January 1 1994 to coincide with the commencement of Nafta, the North American Free Trade Agreement, promulgated between the governments of the US, Canada and Mexico. 

The Zapatistas predicted that a tri-country agreement completely liberalising trade in goods and services spelt disaster for them and the rural working class, and they were not wrong. Mexican farmers had no hope of competing with subsidised products from north of the border and 1.3 million agricultural jobs were lost. In a country where corn (maize) is not merely a crop, but a deep cultural symbol tied to daily life, the effect of Nafta was catastrophic.

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