We all pay for low wages

[Baobab]

8. What you are suggested was barred by GATS 20 years ago.

It would cut into banks business. Thanks to the WTO now governments are prohibited from competing with private industries.


Here is the actual text:

"For the purposes of this Agreement…

(b) 'services' includes any service in any sector except services supplied in the exercise of governmental authority;

(c) 'a service supplied in the exercise of governmental authority' means any service which is supplied neither on a commercial basis, nor in competition with one or more service suppliers.