However, China is stealing our lunch in this department. We're only helped by the fact that the disease of socialism in our country is not in as advanced a stage as in Europe.
The only thing European companies have an advantage in, compared to the US, is tort law.
We can capitalize on this situation by learning from it. This writer in Scottland understands that it is not in his nation's interest to surrender their national sovereignity to the European Union because decisions damaging to the UK's interest will be made by the EU. We should learn that similarly surrendering our sovereignty to the World Trade Organization is not in our interest for the same reason. That's how we can capitalize. Instead, we gloat and cheer Europe's problems and we ridicule people like Buchanan who speak the truth on this WTO issue.