The World Trade Organization (WTO) took yet another blow at our U.S. laws. Today, the WTO struck down Country of Origin Labeling (COOL) laws that essentially required labeling of pork and beef sold in the U.S. to inform consumers the country of which the animal was born, raised, and slaughtered. Why did the WTO strike this down? Because it was a barrier to trade for Mexico and Canada. Since when can Mexico and Canada decide what laws the U.S. can and cannot have?
Tag Archives: WTO
After World War II, America was on the rise. The Axis powers of Germany, Italy and Japan were defeated. It was time to rebuild. To tighten ties with our allies and help rebuild Europe, new global organizations were created to unite against the perceived next threat to democracy: communism. Thus were the Bretton Woods institutions, the World Bank and the International Monetary Fund, born.
“Free trade” has essentially led to the most massive wealth transfer in the history of the world. The United States has not witnessed a trade surplus since 1975, and since then trillions of dollars have been lost through trade deficits caused by “free trade” on our end and protectionism on the other. The most significant flaw with all of our “free trade” agreements is that they are impossible to enforce, and because of this competition is impossible. “Free trade” depends on the premise that all countries will play by the same rules. However, in the real world, assuring that this occurs is incredibly expensive, time-consuming and inefficient to contest.
The World Trade Organization (WTO) has a provision called “most favored nation” (MFN) which requires all member countries to treat each other equally. Local, state, and federal regulations aimed at rewarding companies who hire locally, use local materials or adopt environment friendly practices are all illegal under the WTO. A “Buy California” bill, which would have given preference to local businesses, was vetoed by then-governor Gray Davis simply because it was illegal under the terms of the WTO.
No country or civilization has ever risen to such wealth and power to have receded so quickly to stagnation, dependency and indebtedness. The reason is twofold: our disastrous “free trade” agreements and our membership in the World Trade Organization (WTO).