Mercy-Killing the WTO
I almost fell out of my chair reading
I quote:
When the W.T.O. was born in the 1990s, faith in free markets was at a record high ⦠But the power of the W.T.O. became a problem pretty quickly ⦠The W.T.O. aimed to tackle a whole host of things that had little to do with traditional trade. Thatâs partly because of corporations, which lobbied their governments behind closed doors to rewrite the rules of trade to their advantage.
Investment banks pushed for financial deregulation around the world ⦠Pharmaceutical companies pushed to extend their patents, complicating the efforts in developing countries to get access to generic, affordable drugs. Big agriculture companies pushed to lift bans on genetically modified food.