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In reply to the discussion: The "end game" memo from Larry Summers. [View all]fasttense
(17,301 posts)Aside from Larry Summer's involvement in creating the crash, the Palast story explains how the WTO has been turned into a tool of the corporations and banks.
No longer is its primary mission to reduce tariffs (as the GATT), now it wants to control ALL trade in the World. It wants to control how much you spend on an apple. It wants to control where you buy diapers. It wants to control how much interest you pay to the corporate bank royals. It wants to control it ALL.
So, you can scream about Clinton passing the repeal of Glass-Steagall but the agreement had already been signed. The WTO had already made the repeal of the law a requirement for ALL WTO nation members. AND there is more, much more.
Some of those WTO agreements, agreement the US has pushed and has already agreed to, have fines, penalties and tribunal decisions if countries promote their local grown, manufactured or made products over an international corporation's products. It's just a matter of time before some greedy international corporation files a complaint with the WTO's tribunal (of which there is no appeal) that the US is promoting American, locally grown, agriculture products over imported poisoned crap. I'm sure China would like an outlet for all its vegetables farmed with human waste. They could label it Organic.
We no longer have sovereignty of our nation when a group of international banksters and corporations can say what you will get to eat.