Bill Clinton Supports Trade Deals, Calls for "Shareholder Society" in the US

In an interview with CNBC, former U.S. President Bill Clinton said this week that “activist investors” were to blame for U.S. corporations moving their operations into Mexico, and that trade deals can be positive, if enforced correctly.

The United States “will have to trade some because we’re only 4% of the world’s people and we like having 20% of the world’s income,” he said, adding that the country needs to make the “right kind of trade deals“.

“We need to go from a shareholder or at least a top shareholder to a stakeholder society as we once were. We need the incentives to do that, and, if we do that, we’ll make better decisions,” said Clinton.