Monday, July 24, 2006

World trade talks fall apart.

Talk about cross-purposes. Trade talks aimed at, supposedly, helping the poorer nations of the world have collapsed. What's really striking is the arrogance of the US Agriculture Secretary (some guy named Mike Johanns) towards countries that, currently, are unable to compete. In essence, the world's largest and richest economy has decided that -- wait for it -- Brazil and India need to give them access to even more markets, and the same holds for the EU.
He blamed Brazil and India for being inflexible on their refusal to cut barriers to industrial imports and the EU for refusing to open up its farm markets.
The mind simply boggles. Apparently, in this man's view, there can never be enough money for Americans such that they can afford to spread a little of it around.

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