A No Good Bali Package, Colltalers
By most accounts, the 159-nation World Trade Organization conference that ended Saturday, in Bali, Indonesia, hasn’t accomplished much. And that ignites yet another round of scrutiny about the WTO’s own relevance as a moderator with regulatory power over international commerce.
For despite approving measures that will lower even more barriers and potentially increase global trade in some $1 trillion dollars in the near future, the crucial issue of agricultural subsidies failed to gain traction and was all but disavowed by the wealthiest and biggest food exporting nations.
At its core, the issue boils down to whether big multinational corporate farms, which produce close to 50% of the food the world consumes and control much of the land where it’s produced, regardless of country, deserve to continue receiving multimillion dollar government aid packages.
On the other side of this equation, sits a myriad of small…
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