To: oceanview
The WTO was formed to shift the economic balance of power away from the US, and its working.
More conspiracy theories?? The WTO is purely a forum to work out international trade disputes.
73 posted on
03/03/2004 4:55:45 AM PST by
Cronos
(W2K4!)
To: Cronos
Have you read the charter of the WTO? The WTO are not merely forum. They are have a legal system and a court and last summer started funding lawsuits so that "least developed countries" can sue the "rich countries".
They impose rules on trade that are not fair, but a one way street. They often give the advantage to "least developed countries" in their trade decisions, instead of fairly determining trade rules. That is, when it comes to a trade policy that pits a "least developed countries" against a "rich country", they will allow the "least developed countries" to impose tariffs to protect their producers, at the same time fining "rich countries" for having tariffs against the "least developed countries" goods.
They have set up many programs, structural convergence funds, millenium challenge funds, infrastructure development funds, all of which take money from the US taxpayer and gives it away to "least developed countries" in a massive redistribution of wealth.
Finally,it is unConstitutional for the WTO and its system to make any rules about US trade policy, but no one wants to talk about that.
This is _not_ working out international trade disputes. It _is_ forcing a system of socialism on global trade,however.
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