Re: WTO\'s impotence???? Serious question
D$D, I could not disagree with you more. The point is that in legal terms it is Antiqua with the better, bigger car (case). The other nations are confused that the US seems bent on committing suicide and believe that it will swerve at the last minute.
If the US doesn't swerve and a collision occurs, then everyone (WTO) dies and with it the US economy. The last time the world experienced a collapse of the world trading order was in the late 1920's. Then the nations of the world were not nearly so dependent on each other for trade.
OK, some do not think that Smoot-Hartley caused the Great Depression, but most think that it had a role. Do we really want to experience a collapse of the WTO?
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