Skip to comments.China Celebrates Outwitting Us in the WTO
Posted on 12/21/2011 6:24:14 PM PST by LucianOfSamasota
Communist China is this month celebrating its tenth anniversary of joining the World Trade Organization. The subtitle ought to be China's tenth anniversary of cheating the United States.
The globalists talked us into supporting this cozy trade relationship with China by getting U.S. manufacturers and farmers to salivate at the prospect of gaining access to the world's biggest market. China, on the other hand, joined the WTO to implement its plan to grow into an economic superpower the same way the United States became powerful in our pre-New Deal century, i.e., by protecting local industries and financing our government with tariffs on imports.
Somehow, China learned the lesson of "Animal Farm": all are equal in the WTO but some are more equal than others. China enhanced its WTO membership with special breaks and loopholes that allow China to sell slave-manufactured goods worldwide but protect its own industries from foreign competition.
(Excerpt) Read more at eagleforum.org ...
Why is it so hard to recognize that coalitions of votes may be organized whose only purpose is provide unfair financial advantage to the unscrupulous?
How does an organization comprised of largely despotic member states somehow represent 'democracy'?
China was admitted to the WTO after promising to accept its rules about free trade. But as the lawyers say when you end up disappointed by a contract, you should have read the fine print.
The fine print in China's WTO agreement was in an attached document euphemistically labeled an “accession agreement,” which gave China status as a “nonmarket economy” and spelled out thousands of details about special preferences for China. China was allowed to impose higher tariffs than other countries, and ever since has protected its auto industry by a prohibitive tariff on imported cars. By contrast, South Korea's tariff on imported cars is 8 percent, and the European Union's is 10 percent.
China Celebrates Outwitting Us in the WTO( Phyllis Schlafly)
If you think the WTO had power before, China is nothing, the WTO just admitted Russia to full membership:
Look for significant Russian goods and economic penetration into Europe and India.
One world economic government is here, happy New Year.....
Deng, et al studied Lenin's New Economic Plan (NEP) including consultations with someone who was there following the 1917 Revolution, Armand Hammer the CEO of a huge oil company and the man that owned Al Gore senior and made the Gore family super rich.
Lenin coined the term "useful idiots." So when the American useful idiots have their property seized (along with IP, technology, etc. already stolen or extorted) and get kicked out it's too late for apologies from the U.S. "free-traders" who were so wrong -- and don't even think about getting your TARP from the U.S. taxpayers!
“Red China Alert: Chinese hackers hit U.S. Chamber of Commerce
The Wall Street Journal reports:
A group of hackers in China breached the computer defenses of America’s top business-lobbying group and gained access to everything stored on its systems, including information about its three million members, according to several people familiar with the matter.
The break-in at the U.S. Chamber of Commerce is one of the boldest known infiltrations in what has become a regular confrontation between U.S. companies and Chinese hackers. The complex operation, which involved at least 300 Internet addresses, was discovered and quietly shut down in May 2010.”