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).
Tag Archives: WTO
Since our membership with the World Trade Organization (WTO), we have essentially lost our sovereignty. Dozens of laws that we have passed to benefit American citizens have been struck down by the WTO courts. The have deemed them “unfair” to other countries and multinational corporations. Who is the WTO to tell us how to run our own country? All of our federal, state and local laws, and practices that affect trade are to be reviewed by the WTO now. This isn’t right! It’s unconscionable! What happens to other countries is none of our business, we need to protect our citizens and our economy.
Unfortunately, most Americans have never heard of the World Trade Organization (WTO) and its true role. It seems as if the media wants to keep it that way since we never hear about news regarding the WTO. The reality is that the WTO has a great deal to do with the current unfavorable condition of the U.S. economy. Essentially, the WTO can be seen as a contract between 160 member nations that severely restricts the ability of countries, especially the U.S., to handle their own economies and control their own trade. The WTO has proven to be detrimental to our economy.
Economists want to spend money on our broken infrastructure. In fact, in the latest survey asking leading economists across the nation if they would increase spending on fixing our infrastructure, all 44 agreed. A report by the American Road and Transportation Builders Association estimated that roughly 1 in 10 U.S. bridges, more than 63,000, are in urgent need of repair. Last year, in its annual report card, The American Society of Civil Engineers gave the nation’s infrastructure a D+ grade. The study also estimated the U.S. would need $3.6 trillion in investment by 2020 to deal with its infrastructure problems. But just where would we get this money from?
It is no secret that a number of disastrous policies and failed strategies have contributed to our current economic vulnerability. Our one-way “free trade” agreements, such as NAFTA, KORUS and the agreements with the World Trade Organization (WTO), have opened our doors to foreign goods. We are losing jobs and a number of valuable businesses have shut down, all while our markets continue to be flooded with foreign goods entering our country tariff- and duty-free. Far too often, the WTO favors foreign nations, leaving the U.S. at the mercy of unfair tactics, backdoor protectionism and constant threats to our sovereignty.