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Arianna Huffington on Free Trade

2004 former Independent Challenger for CA Governor


White-collar outsourcing has begun; 350,000 jobs by 2012

Without something to export, a nation will either become over-indebted or forced to reduce its standard of living. It's not just manufacturing and lower skilled service jobs that are disappearing. Companies with revenues of $5 billion and over are expected to take an estimated 350,000 jobs offshore in the next two years alone--nearly half in information technology, and the rest in finance, procurement, and human resources. White-collar outsourcing is no longer just about call centers.
Source: Third World America, by Arianna Huffington, p. 27 , Sep 2, 2010

CAFTA gives sweetheart provisions to drug companies

Just look at the sweetheart provisions in the new Central American Free Trade Agreement (CAFTA) that will give drug companies all kinds of patent protections in Central America while making it harder for people there to get low cost generic versions of life-saving drugs. A great many of the 275,000 Central Americans infected with HIV, for instance, will no longer be able to afford treatment. In Guatemala, AIDS patients currently pay only $216 per year for the generic version of the antiretroviral cocktail Combivir, instead of the $4,818 the name brand costs. In Costa Rica, if forced to forgo generic drugs, the country will only be able to treat 18% of the AIDS patients currently being cared for. Rep. Henry Waxman will be holding hearings on the CAFTA giveaways tomorrow.
Source: Huffington Post, "Moving the Moral Values" , Jun 13, 2005

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Page last updated: Mar 15, 2014