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Old 11-21-2007, 08:23 PM
PLO8FaceKilla PLO8FaceKilla is offline
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Join Date: May 2007
Posts: 560
Default Re: WTO\'s impotence???? Serious question

It all stems back to 1924. The economy was in a recession and other countries were having issues with the farming industry. The united states was the only country at the time that could successfully grow large quantities of potatoes.

At that time, the WTO did not care that the United States didn't want to "share the wealth" as some say with reasonable potato sales to other countries. So basically, the WTO forced the US to sell potatos at 1% above cost to foreign countries that were having problems growing them.
This caused some tension and this is why the US doesn't care about the WTO or it's sanctions.
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