Wednesday, July 30, 2008

Doha trade talks collapse in rubbish!

I do not intend on slinging mud at any one in particular, but more at everyone in general.

The Doha trade talks have collapsed because, it seems people want to argue over how much of the cake they will get rather than looking at the obvious solution, making the cake bigger, much much bigger.

We have the primary issue of agricultural subsidy and agricultural trade.

The current position is that all blocks try to maximise there output at the cost of their tax payer whilst reducing the output of others as much as possible then imposing tariffs of all sorts to suit which ever lobby they want.

The net result is that you and I subsidise people to reduce world food output and keep food prices up, which does not seem like a good idea to me.

Just to move the position on though, consider this: You are a jobbing TV maker in Wales, a jobbing banker in London, a jobbing consultant in IT or some other possibly exportable service.

How many Africans who's economy has been destroyed by your taxes and can't afford to eat are going to pay for your services?

It is a no brainer really. There is no fair trade other than free trade, and like charity it starts at home. If you want a job, you have to allow others to have one too.

The BBC has this.

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