Quote of the week – 7/7 at WTO

It’s best to forgive them, for they know not what they do – the assortment of anarchists, communists, warmists, “truthers”, drug dealers, arms peddlers, “peace activists” and other freaks who travel about the world beating their bongo-drums, performing second-rate capoerira, smashing up McDonalds, burning police cars and terrorising the locals while protesting against globalisation and the World Trade Organisation (WTO).

So stuck in a zero-sum mentality are they that they can’t grasp basic concepts of gains from trade.

Nor can they grasp that the WTO is the most democratic multilateral institution in history – far more than the corrupt and dysfunctional UN, so beloved by the left. Everything must be agreed by every member – from China and the US to Lesotho and the Solomon Islands – before anything is agreed.

It’s beyond the radicals’ understanding too, that for the last few thousand years, up until living memory, trade disputes between tribes and states were settled with war.

Now for the first time in history, they’re settled in what amount to international courts in Geneva, with both sides agreeing to be bound.

Today the product with the least adequate coverage under WTO rules is petroleum.

The rioters should ask themselves if that might be one of the reasons that product continues to be a major cause of international instability…

That’s a very long quote but it comes from Matthew Hooton in the print edition of the NBR which isn’t available online.

The remaining two thirds of the column is worth reading too.

In it he reminds us that MFAT has a perfect record at the WTO – seven wins from seven cases. He also gives other examples of small countries which have taken on big powers and won.

The column leads me to one question, however: why, when our trade negotiators have been so successful did the people who negoitated New Zealand”s obligations under the Kyoto Protocol serve us so poorly?

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