July 25, 2006

Did the Bush Administration Kill the Doha Trade Talks?

Everyone else seems to think so.

This is really pathetic, awful and destabilizing all roled up in one. Yet more big-government lovin'/corporate welfare (subsidies) from Team Bush (though yeah this version is kind of retro and whatnot with the beneficiaries including the likes of Big Cotton), this corporate welfare drives up prices for Americans when they buy a host of products, and it makes it impossible for 3rd world countries to compete in the one economic sector in which they have some advantages, which continues their slide into poverty and instability - which then forces us to spend money on national defense (and every so often humanitarian missions) to clean up the mess these subsidies have had a hand in creating. Can't some competent Republicans save this? It might be too late - and Bob Zoellick has left the administration, so he won't be coming to the rescue this time.

Posted by armand at July 25, 2006 02:04 PM | TrackBack | Posted to Economics | International Affairs


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