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DU Home » Latest Threads » Forums & Groups » Retired » Retired Forums » 2016 Postmortem (Forum) » Bernie/Trump/Hillary On T... » Reply #19

Response to JDPriestly (Reply #13)

Wed Jun 1, 2016, 06:56 AM

19. FDR knew that, to be fair, trading rules had to be enforced neutrally or they would not work.

His ITO did just that.

If you allow each country to determine whether it is living up to the trading rules that it agreed to, the system falls apart. Each country will decide in most cases that it has done nothing wrong which and the agreement falls apart.

Neutral enforcement is necessary with all international agreements or their provisions are just pretty words on a piece of paper - whether the agreements deal with trade, climate change, nuclear control/disarmament, etc. If China (or the US) is allowed to decide whether it is violating a carbon emissions regulation, who thinks it will often find itself guilty and punish itself? If Iran (or the US) is allowed to decide whether it is violating the recent nuclear deal, how often will each find itself guilty and punish itself?

If Bernie is elected and renegotiates our trade agreements that is great. But if there is not neutral enforcement mechanism, why bother to renegotiate them?

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Arrow 31 replies Author Time Post
TomCADem May 2016 OP
hollysmom May 2016 #1
larkrake May 2016 #2
TomCADem May 2016 #3
JDPriestly Jun 2016 #17
Armstead Jun 2016 #21
Recursion May 2016 #4
JDPriestly Jun 2016 #16
PufPuf23 May 2016 #5
PufPuf23 May 2016 #7
EndElectoral May 2016 #8
PufPuf23 May 2016 #10
TomCADem May 2016 #11
PufPuf23 Jun 2016 #12
JDPriestly Jun 2016 #14
PufPuf23 Jun 2016 #18
TomCADem Jun 2016 #20
Armstead Jun 2016 #22
TomCADem Jun 2016 #23
Armstead Jun 2016 #24
PufPuf23 Jun 2016 #29
TomCADem Jun 2016 #30
PufPuf23 Jun 2016 #31
JDPriestly Jun 2016 #15
pampango Jun 2016 #28
PufPuf23 May 2016 #9
jillan May 2016 #6
CrowCityDem Jun 2016 #26
pampango Jun 2016 #27
JDPriestly Jun 2016 #13
LineLineReply FDR knew that, to be fair, trading rules had to be enforced neutrally or they would not work.
pampango Jun 2016 #19
AgingAmerican Jun 2016 #25
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