In The Nation, William Greider's The Establishment Rethinks Globalization tells the story of one of the "Martin Luthers" of the trade debate. It's a fascinating read. This time, the focus is on Ralph Gomory, former IBM executive and now fair trader:
He decided, in retirement, that he would dig deeper into the contradictions. Now president of the Alfred P. Sloan Foundation, he knew something was missing in the "pure trade theory" taught by economists. If free trade is a win-win proposition, Gomory asked himself, then why did America keep losing?
It makes you wonder how many other CEOs and business executives that still tout the "free trade" message have also come to the same economic conclusion that NAFTA-like trade policies put downward pressure on wages and hurt workers in America and around the world. Unlike Gomory, however, too many are willing to take advantage of this system rather than raise alarm bells about it.