Government policy shouldn’t pick which companies win and which companies lose. Instead, good policy fosters competition, which leads to better products and greater prosperity. When the politicians get involved, it usually leads to worse outcomes for businesses, workers, and consumers. Take for example the case of SolarWorld and Suniva. The two solar panel manufacturers...
Criticism of the North American Free Trade Agreement is nothing new. In 1992, U.S. presidential candidate Ross Perot notoriously implied that if NAFTA passed there would be a “giant sucking sound” as jobs and wealth left the country. Recently, there’s discussion of adding sunset clauses and other measures that could weaken the agreement because...
Though not perfect, NAFTA has increased prosperity and improved the lives of millions of Americans through greater competition, affordable products, and wealth and job creation. Potential renegotiations of NAFTA could deter these gains if the deal doesn’t include reducing both trade barriers and government favoritism for certain industries. Consider that Mexico has long maintained...