.What They Say…

Globalists have been fighting against the increase in bilateral trade deals since the failure of the Doha round of the WTO. They much prefer multilateral deals that lay the foundation for globalized business. Says Michael Treschow, chairman of Ericsson, “We make source components from dozens of countries. What good is a deal with India if India does not have the same kind of deal with China? It just cuts across the supply chain. It is not countries that do business with countries but companies that do business with companies.” Goodbye to commerce nationalism, for transnational capitalists it just gets in-the-way of business. (more…)