Ep. 4: NAFTA and the Giant Sucking Sound
Proponents of the North American Free Trade Agreement described the trade deal as a win-win for everyone. Those in opposition argued that Mexico would be the only winner from the inflow of factories and jobs. Both sides were wrong. What was supposed to be a clear victory for Mexico turned out to be a nightmare with Mexican consumers abandoning local products in favor of American-made ones which sent the Mexican economy into a tailspin. The real winner? Arkansas based retailer and NAFTA proponent: Walmart.
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