WTO Sides With Chinese State Capitalism Against the U.S.

The World Trade Organization has a long history of anti-American actions.  They’ve just handed us another one, and in the process handed a big freebie to Chinese state capitalism.

Unbeknownst to most Americans, huge sections of our nation’s trade policy aren’t set in this country anymore.  They are set by panels of WTO judges in Switzerland, to whom we have signed over the right to rule on the legitimacy of our policies.

At issue in a WTO ruling handed down last Friday is how much scope the U.S. is entitled to in trying to level the playing field for American companies competing against companies subsidized under China’s system of state capitalism.

The specific products at issue in the ruling are steel tubing, off-road tires, and woven sacks.  However, as in domestic legal rulings, the implications go far beyond the immediate subject matter.

Since July 2008, the U.S. has imposed tariffs on $200 million worth of steel pipe imports from China, South Korea, and Mexico.

Read full story here

I wear many hats but history, economics and political observance have always been a passion. I am a graduate of the University of Cincinnati College of Business with a degree in Information Systems and Digital Business with a minor in European History. I work for a small mom-and-pop IT consulting and software design company. We deal in servicing mostly government funded non-profit mental and behavioral health care agencies in the state of Ohio. In this I deal with Medicaid and Medicare funds and have a little insight on the boondoggles of government there. Thankfully the undemanding nature of my daily profession gives me ample time to read and stay aware of our current state of affairs which I find stranger than fiction in many instances. In addition to being in the IT field, I have also been self employed with a small contracting company so I might know a thing or two about the plight of small business that employs 71% of the American workforce. I however don't draw my knowledge from my day jobs, which I have had a few; I draw it from an intense obsession with facts and observation about the world in which I live. I do have formal education in things such as history, economics and finance particularly as it pertains to global issues, but I have come to find much of what I thought I knew from the formalities of a state university I had to unlearn through much time and independent research. I hope you enjoy what I bring you which is not often heard in the mainstream news outlets. I would like to think my own personal editorializing is not only edifying but thought provoking while not at all obnoxious. That last one may be a hard to achieve.

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>