[lbo-talk] US loses cotton subsidies fight

Shane Mage shmage at pipeline.com
Tue Oct 16 09:04:53 PDT 2007


Wojtek wrote:


>The US could face billions of dollars in trade sanctions for failing to
>scrap illegal subsidies paid to American cotton growers.
>
>The World Trade Organisation ruling is a victory for Brazil's cotton
>industry and for West African states which say the payments harmed their
>producers.
>
>[WS:] Now, remind me, why do the lefties hate WTO? It seems to be more
>detrimental to the Empire than all left politics combined.

When the US puts sanctions on exports of weaker countries it hurts them a lot. If Brazil and Mali put sanctions on US exports they hurt themselves a lot (by having to switch to higher-cost imports) and the US scarcely notices. Meanwhile, when the ruling classes resolve their differences (in the US's favor, of course) and make a deal, its always workers and peasants who pay the bill.

Shane Mage

"This cosmos did none of gods or men make, but it always was and is and shall be: an everlasting fire, kindling in measures and going out in measures."

Herakleitos of Ephesos, fr. 30



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