Why America Must Leave the World Trade Organization Now

economyincrisis ^ | 3/21/16 | Benjamin Clement

[central_va]

After World War II, America was on the rise. The Axis powers of Germany, Italy and Japan were defeated. It was time to rebuild. To tighten ties with our allies and help rebuild Europe, new global organizations were created to unite against the perceived next threat to democracy: communism. Thus were the Bretton Woods institutions, the World Bank and the International Monetary Fund, born. Along with the World Bank and IMF came the International Trade Organization (ITO), an agency of the United Nations, and, separately, the General Agreement on Tariffs and Trade (GATT).

Even with the GATT, there was no international organization for trade that stood on its own like the World Bank and the International Monetary Fund. Thus in 1995, after decades of debating, the World Trade Organization (WTO) was created to oversee global trade both as the organization for negotiation and as a judiciary body, functioning as a ruling body over trade disputes.

While this may seem at first glance to be beneficial to the United States, the reality is that it spits in the face of everything the American Revolution stood for.

After the American Revolution, the United States became a country in its own right. No longer would citizens have to bow to foreign masters on the other side of the Atlantic. Yet both Republicans and Democrats alike threw out the ideals of independence by signing the WTO charter.

[central_va]

he WTO judgments are stacked in favor of foreign nations that do not care about the American people. We lose two-thirds of the cases brought against us — an overwhelming majority. There is no higher court of appeals outside of the WTO.

[dowcaet]

Can’t have that. Getting out of the WTO will put a number of Uniparty people out of work.

[T-Bone Texan]

Trump made a comment to the effect that every single trade agreement since WW2 has reamed America in the butt.

The wealthy have made a lot of profit by selling us out.

[Fhios]

Doesn’t have to leave WTO, just co-opt it and make it ours. That’s the best solution.

[GOPJ]

Ummm, let’s get out of NATO and the UN first...