On the fourth anniversary of the Korean trade deal, its lofty promises have been revealed as putrid pie in the sky: More jobs lost. No exports gained.
Just like NAFTA, just like China’s entry into the World Trade Organization (WTO), free traders swore that the Korean deal would shower jobs and economic prosperity down on America.
It didn’t happen. Actually, the exact opposite did. In all three cases, the schemes enticed corporations to close American factories and offshore work. That enriched CEOs and shareholders. But it impoverishedmillions of American workers and bankrupted communities.