The WTO Needs to Modernize on the Right Things – and Reject the Wrong Things

Seton Motley | Less Government |
Less Subsidies, Climate Idiocy and Chinese Bribes, Please

I am about as anti-globalist as one can possibly be.

The United Nations (UN) is a titanic joke – and a titanic waste of time, money and prime New York real estate.

The North Atlantic Treaty Organization (NATO) should have closed up shop five seconds after the Berlin Wall fell.  Which was thirty-two years ago.

The World Health Organization (WHO) – a subsidiary of the UN – is an unmitigated disaster.  More on that in a bit.

However, the World Trade Organization (WTO) is a global entity that I think could actually serve a useful purpose.  Because if we are going to engage in global trade – and we are – we need a global arbiter of things global trade.

I say “could” serve a useful purpose – because the WTO once actually did.  But times and things have changed – and the WTO hasn’t.  Shocker, I know: A giant, global, multi-government bureaucracy not rapidly adapting as the world around it does.

The WTO could again be useful.  If it modernizes the right ways – and not the wrong ways.  Unfortunately, it’s being dragged, cajoled and bribed in all the wrong ones.

If it wants to save any relevancy – this has to change. (more…)

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