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Obama's "Free Trade" Follies
by Mark Engler
The three pending "free trade" agreements portend more unemployment and corporate enrichment. Countries like Argentina have broken with the Washington Consensus (deregulation, privatization and liberalized markets). Free from the bondage of structural adjustment, Argentina has had 6-8% economic growth. The Washington Consensus is a discredited model that encourages corporate enrichment, fast money and capital flight.

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