Noam Chomsky on Bill Clinton, NAFTA, Paul Krugman, and Free Trade (1993 - Part 1)

December 10, 1993 http://www.amazon.com/gp/redirect.html?ie=UTF8&location=http%3A%2F%2Fwww....

Watch the full interview: http://thefilmarchived.blogspot.com/2010/08/noam-chomsky-on-north-american-fr...

The North American Free Trade Agreement or NAFTA is an agreement signed by the governments of Canada, Mexico, and the United States, creating a trilateral trade bloc in North America. The agreement came into force on January 1, 1994. It superseded the Canada-United States Free Trade Agreement between the U.S. and Canada. In terms of combined purchasing power parity GDP of its members, as of 2007[update] the trade block is the largest in the world and second largest by nominal GDP comparison.

The North American Free Trade Agreement (NAFTA) has two supplements, the North American Agreement on Environmental Cooperation (NAAEC) and the North American Agreement on Labor Cooperation (NAALC).

The General Agreement on Tariffs and Trade (typically abbreviated GATT) was negotiated during the UN Conference on Trade and Employment and was the outcome of the failure of negotiating governments to create the International Trade Organization (ITO). GATT was formed in 1947 and lasted until 1994, when it was replaced by the World Trade Organization in 1995. The original GATT text (GATT 1947) is still in effect under the WTO framework, subject to the modifications of GATT 1994.

Paul Robin Krugman (born February 28, 1953) is an American economist, columnist and author. He is Professor of Economics and International Affairs at the Woodrow Wilson School of Public and International Affairs at Princeton University, Centenary Professor at the London School of Economics, and an op-ed columnist for The New York Times. In 2008, Krugman won the Nobel Memorial Prize in Economics for his contributions to New Trade Theory and New Economic Geography. He was voted sixth in a 2005 global poll of the world's top 100 intellectuals by Prospect.

The Nobel Prize Committee stated that Krugman's main contribution had been to explain patterns of international trade and the geographic concentration of wealth by examining the impact of economies of scale and of consumer preferences for diverse goods and services. Krugman's work on international economics, including trade theory, economic geography, and international finance has established him as one of the most influential economists in the world according to IDEAS/RePEc. Krugman is also known in academia for his work on liquidity traps and on currency crises.

As of 2006, Krugman had written or edited more than 25 books, 40 scholarly articles and 750 columns at The New York Times dealing with current economic and political issues. According to IDEAS/REPEC, ranking of Economists by journal article citations, he is one of the 15 most widely cited economists. Krugman's International Economics: Theory and Policy, co-authored with Maurice Obstfeld, is a standard college textbook on international economics. He also writes on political and economic topics for the general public, as well as on topics ranging from income distribution to international economics. Krugman considers himself a liberal, calling one of his books and his New York Times blog "The Conscience of a Liberal."

Category:

Education

Tags:

• Noam
• Chomsky
• Bill
• Clinton
• big
• business
• corporation
• republicans
• domestic
• foreign
• policy
• health
• care
• haiti
• democracy
• NAFTA
• income
• inequality
• wealthy
• third
• world
• US
• brazil
• mexico
• washington
• new
• york
• population
• wealth
• production
• low
• wage
• real
• britain
• german
• ucla
• workforce
• economist
• Paul
• Krugman
• women
• blacks
• hispanics
• pension
• capital
• analysis
• conspiracy
• cannabis
• discussion
• video log
• politics
• environment
• vlog
• commentary
• religion
• talk
• speech
• talking
• interview

[matchbox555]

part 2 is here watch?v=2q0OHQKqB78

[WatchmenNo1]

This guy was spot on the money.

[khanriza]

Those praising the Clinton presidency obviously haven't read Hitchen's book on him.

[TeifiValley123]

@xlucim Well i'm glad you enjoyed the 90's. Meanwhile in the rest of America (to name a few) The trends which had started in the 1970's continued. The bottom 80% of people found continual stagnation of their wages, while working hours increased. It actually dropped on average by around $500 a year in the succeeding years after NAFTA was signed. Wealth continued to get even more concentrated to the top earners, and military spending INCREASED after the cold war was officially ended.

[xlucim]

@TeifiValley123 Actually I lived through the 90's and remember them well. And I was talking about the US. This was the first decade to benefit from the end of the cold war. After Desert Storm we benefited from a Peace Dividend and reduced military spending. It was the dawn of the internet on a large scale, the stock markets were exploding, interest rates were dropping, telecom was exploding, welfare reform, tax reductions. low unemployment, low gas prices.etc etc etc.

[TeifiValley123]

@xlucim Thanks for that. and how did you come to that conclusion? watching a 10min youtube video? reading three wikipedia paragraphs about him? By what measure was the 1990's a boom-time?

[CustomRockets]

how many times does this guy say "um"...

[xlucim]

He's well educated, intelligent and somewhat articulate. Unfortunately he is egotistical, likes the sound of his own voice, distorts facts, talks too much, lacks common sense and the history of the 1990's proves he was wrong.. The 90's were booming unless you lived under a rock. Notice he never shuts up and is never challenged on any of his claims or stats?

[jiggity99]

@LogicalFlawDetector I could never get lost with you at the helm

[LogicalFlawDetector]

@jiggity99

You're welcome.  Now get lost.

[jiggity99]

@LogicalFlawDetector Let me get this straight: I'm a dick-sucking inbred-asshole megalomaniacal-jerk illiterate faggot? Holy shit, I couldn't agree with you more. You nailed it! You really are a detector of flawed logic. I'm going to go find my next dick to suck. Thanks

[LogicalFlawDetector]

@jiggity99

Stop sucking Chomsky's dick and think, faggot. It's obvious from the context that "intellectual" refers to intellectual talking about economic issues. Chomsky's economic illiteracy can only go unnoticed because every Chomsky fan is an inbred asshole like you. And NAFTA has nothing to do with linguistics, jerk. Megalomaniacs like you demonstrate the complete failure of the union-run public school system.