3 ms·

cough WTO cough

• mschuster91 3y ago
  The WTO has been fucked over for years now. Practically they've been kneecapped since 2019 "thanks" to the 45th [1], and even before that, they didn't do much against the clear breaches of good conduct that China committed, and for what it's worth it's not like the actions of the 45th were without good cause, even back under Bush the WTO was infamous for being slow as molasses even compared to other international organizations and having failed to update their rulebook because everyone and their dog kept vetoing stuff. [1] https://www.theguardian.com/australia-news/2022/dec/25/australia-and-china-team-up-to-protest-wto-blockages-caused-by-us-vetoes-on-appeal-body https://www.theguardian.com/australia-news/2022/dec/25/austr...
  • thriftwy 3y ago
    I'm just amazed how, with enough money invested into propaganda of economic liberalism (still a paltry sum in the grand order of things), you can have smart people around the world repeating your mantras without noticing for decades that you have not even pretended to live up to your own faith. Many of them acolytes actually ruining their domestic economy by executing on these principles.
    • mschuster91 3y ago
      The problem is, the propaganda was all just propaganda in the end. Yes, we got cheap trinkets out of China, but at what price? Insane amounts of economic devastation, as none of the promised benefits other than said cheap trinkets materialized. None of the countries that "change by trade" ("Wandel durch Handel") targeted became democratic, and instead of "trickle down of wealth" we got a "trickle down of shit and exploitation" [1] while the elites at the top got ever richer and richer. [1] https://www.allaboutlean.com/hoshin-kanri-3/bird-shit-hierarchy/ https://www.allaboutlean.com/hoshin-kanri-3/bird-shit-hierar...