"Free trade applies the power of markets to the needs of the
poor... we must reject a protectionism that blocks the path of
prosperity for developing countries."--president George
Bush, 17 July 2001We live in a complex world, yet we are trying
to make it simple as president Bush says "with US or against US"
that is Bush is visualizing a world which is either "black or white"
or in other words a world which is either "rich or poor." We cannot
take simple and static dual approaches to solve our social and
economic problems as these problems are complex and dynamically
changing all the times. Bush has stated that the Free Market is the
answer to end poverty, and I say that Bush is hypocritical as he is
pushing the Free Market with the colonizing power of his money and
the colonizing power of his weapons of mass destruction.
There is no such a thing as a fair Free Market as conceptualized
and implemented today in our globalized economies. The Free Market
is inherently unstable, and there is no such a thing as a natural
equilibrium theory of "supply and demand." The Free Market has been
debunked rationally by most intelligent economists, and today's Free
Market cannot absolutely be a model for economic and social growth
when its effects are an increasing gap between the rich and the
poor, when there is starvation and poverty while resources are spent
for waging wars, when the power of weapons of mass destruction and
money are used to subject people around the world.
I am talking about the United States and their imperial
colonization of the world under the fake banner of their Gallup Poll
democracy while they pursue the vested interest of Corporate America
and their priestly fortunate sons, under their fake fair
rationalization of the Free Market while they use their money to
protect their standard of living rather than our freedom, under
their fake compassion for the predicament of the poor as they spend
some $400 billion per year for military purposes including weapons
of mass destruction while half the world of nearly three billion
people live on less than two dollars a day.
Just recently, the United States slapped a 30% tariff on imported
steel while at the same time slapping another tariff of some 27% on
Canadian softwood lumber . And today, the House has passed a farm
bill to provide subsidies to American big farmers. If this farm bill
is passed by the Senate and signed by president Bush, American
agricultural production would increase and the further supply in the
world market will further depress prices with disastrous economic
consequences for Canada, Europe and above all the developing
countries.
Former president Jimmy Carter has stated "I wished I had
known then [when I was president] what I know now about the third
world" and has continued to say that in agricultural protection
alone, "we cost the developing world three times as much as all
the overseas development assistance that they received from all
sources". And Hans Koehler, IMF managing director, has asserted
that the $2 billion the United States alone spends on cotton
subsidies is worth more than the total cotton production of
sub-Saharan Africa.
President Bush is simply an hypocrite as instead to alleviate
poverty he pushes the power of his markets with the power of his
money and the power of his guns.
References
Pertinent articles in Ensign
Bush says Poverty Reduction to be Focus of G-8 Meeting. President
calls for increased grants from development banks U.S. Department of
State's Office of International Information Programs, 17 July 2001
http://usinfo.state.gov/topical/econ/group8/summit01/wwwh01071700.html
Poverty Facts and Stats, Global Issues That Affect Everyone, site
managed by computer scientist Anup Shah, http://www.globalissues.org/index.html
US farm aid threatens new trade row. Farm states matter in
mid-term elections BBC News, 3 May, 2002 http://news.bbc.co.uk/hi/english/business/newsid_1966000/1966047.stm
Softwood duties upheld, but not retroactive. CBC News, 03 May
2002 http://www.cbc.ca/stories/2002/05/02/softwood_020502
PRESS CONFERENCE BY FORMER UNITED STATES PRESIDENT JIMMY CARTER,
United Nations, 19 March 2002 http://www.un.org/News/briefings/docs/2002/carterpc.doc.htm
IMF calls for farm subsidy cuts, by Andrew Walker, BBC News 29
April 2002 http://news.bbc.co.uk/hi/english/business/newsid_1957000/1957488.stm |