May Day

Despite rampant references to free trade agreements and globalism since Trump’s campaign, little attention has been given to the real issue: the governance vacuum in which global trade flows. States have created international bodies and agreements to facilitate trade, but not to regulate it. As a result, corporations can reap the benefits of the profitable American market but avoid paying workers enough to match our high cost of living, subvert our environmental and worker safety regulations, and shirk their fair share of taxes. The solution is not to close borders to trade, but to open them to governance. What we need sounds almost too ambitious to say, but on International Workers’ Day, I will say it again: a global living wage, global environmental enforcement, and global corporate taxation.

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