James Goldsmith, a free-market billionaire, warned in a 1996 Charlie Rose interview that free trade agreements with low-wage countries would offload manufacturing, make corporate owners rich by accessing cheap labor, but would destroy the wages of workers in developed nations and lead to populism—and everything he predicted has come true.
factualpending
Speaker
Raul PowellEvidence Quote
“James Goldsmith...comes on Charlie Rose...said we should not sign these free trade agreements...you're creating an ability and all the incentives to Offshore your entire manufacturing industry...the rich are going to get super rich...your wages are never going up again and this is going to lead to populism”
Created: 8/11/2026, 1:53:06 AM
My Notes
Loading notes...