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August 01, 2004
Trade, free and fair!
Yahoo! News - Wealthy countries brace for farming cuts as WTO makes historic step
Awesome!
Hot digity damn! Wonderful...
Farm subsidies are a scourge: they suck money out of developed nations (us, for instance), and ensure that developing nations don’t have that first export commodity with which to build an entire economy...
Over the last few years, developing nations have been halting trade negotiations until we (and the Europeans) agreed to cut back on our farm subsidies. Now that they’re getting what they want out of us (the ability to compete in our markets), we’ll be able to get what we want out of them (the ability to compete in their markets). And we’ll all live happily ever after...
(Via Mr. Lessig, who notes that we’ve broken these deals before. I can only hope that future president John Kerry will show more backbone and brains on this issue than outgoing President Bush showed on Steel Tariffs...)
Posted by Andrew at August 1, 2004 01:30 PM
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