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Posted on: May 13th, 2007
Filed Under: [ Business ] [ Hispanic News ]
Tags: Mexico, NAFTA
Newsletter readers - Don't forget HispanicTIPS - Gracias, Tomás
“Capital and the state of all three countries of the North American Free Trade Agreement have worked together to push down wages and working conditions, undermine the social safety net, and privatize anything that could be turned into a source of profit. The aim of both NAFTA and the Security and Prosperity Partnership - the project of “Deep Integration” is to constitutionalize the rights of capital and undermine the rights of workers and the public. By incorporating Mexico into the geography of continentally integrated production, capital has been able to lower its wage bill and increase its power over labour. Relocation and the threat of relocation has been a powerful tool in forcing concessions on flexibility, wages, and working conditions.”
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