In speeches, press briefings and published commentaries, proponents of global free markets are proclaiming that a really big deal is on the table this week at the World Trade Organization meeting in Bali, Indonesia.
“People world-wide would benefit from the job creation and increased opportunities that would follow,” WTO Director General Roberto Azevedo wrote in a Wall Street Journal op-edthis week. “In times of unemployment and slow growth, this boost is sorely needed.”
Actually, what’s sorely needed is a dose of realism.
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