Sunday, March 3, 2013

Noam Chomsky Discusses the WTO

In earlier posts, I have discussed how the World Trade Organization was created specifically to further the interests of the United States. When the U.S. is being catered to, as they were in the Uruguay Round, the talks proceed. But the instant there is something that the U.S. doesn’t like, they will stonewall the proceedings until it simply dies.

Even when the laws are written by and for the U.S., they are sometimes used against the US. That’s kinda’ the nature of laws. Of course, this is unacceptable for the U.S.. This was the cause of the shift from GATT (General Agreement on Tariffs and Trade), to the WTO. GATT was created specifically to take advantage of American power in post-WWII international relations, and as such, it was enormously beneficial to the American market.

Technology and society shifted, as it often does, and the benefits of GATT also shifted, from the US to other industrial nations. This obviously couldn’t stand, so Reagan along with his buddy Margaret Thatcher pushed for the creation of the WTO. The first round of talks began in 1986 and the WTO was officially born on January 1, 1995.

It’s just a little bit of history repeating, though, and now the WTO is proving problematic for the U.S.. So, yet again, they are trying to rewrite the rules in their favor. Only this time, other nations aren’t the flaming piles that they were post-WWII, or the pliable little minions in the U.S. vs. Russia Cold War. They are actual nations, with actual desires, and they demand to be heard.

For your viewing pleasure, I present Noam Chomsky, a man far smarter than I. In his trademark, dulcet tone, he presents a stark, utterly depressing portrait of American economic hegemony. I believe that the video is from a 2003 series of interviews.

And just because I mentioned it in my article, afterward you can listen to Shirley Bassey and The Propellerheads singing History Repeating.

No comments:

Post a Comment

All comments are moderated, so it may take up to 24 hours for your comment to appear.