The U.S. ruling class is pushing ahead in its efforts to force developing countries to reduce restrictions on exploitation. On Dec. 4, the U.S. Senate approved a free trade agreement 77 to 18 signed between the U.S. government and Peru in 2006. The House approved the agreement a month earlier.
The impact for Peru’s people will be disastrous. Peruvian president Alan Garcia described the deal as an “unprecedented agreement.”
Trade between the United States and Peru is $8 billion yearly. The real value for the U.S. ruling class is a political victory as it pushes toward much larger more strategically important agreements with Colombia, South Korea and Panama.
