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View Diary: Median U.S. household income fell 5% between 1999 and 2009. Globalization remains the core problem (201 comments)

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  •  not any more (2+ / 0-)
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    koNko, truong son traveler

    WTO can't do shit any more unless the G20+ bloc agrees to it.  And the G20+ are not wealthy nations.

    Unfortunately for us, they are not progressives either--they are simply defending the interests of their own national economic elites (such as they are).

    •  Agreed. (0+ / 0-)
      The US has held a dominant and leading position in the the WTO and the World Bank for many years, and the rules were agreed mostly by wealthy nations that held the political and economic cards, and used them to their advantage.

      And now that others have got their foot in the door, these rules are suddenly no good?

      Multi-polar world. Really.

      I notice you have posted some other sybstantial comments and I ill revie and comment, but at work now so maybe later.

      Complex issue.

      But this wiki page provides some interesting historical perspective.

      What about my Daughter's future?

      by koNko on Sun Apr 24, 2011 at 08:35:51 PM PDT

      [ Parent ]

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