miércoles, 9 de abril de 2008

The 90 days War for Trade

So, the war of lobbies is gonna be on for 90 days, willing to aproove the US-Colombia trade pact. Bush decided tu use de "fast track", that is surprising. He faces no political risk, so decided to go for it. Se, trade is just one tiny part of the story. Newspapers focus on thing like how it will benefit labour intensive industries like Caterpillar, and others. Or that the farmers are affraid of it. Ok, so they know how to manage themselves to get his message heard in the Congress. Cat has it lobbyists, and the farmers have their powerful organizations. Cool. The things they do not name is that so-called free trade agreement is not only about trade, but about intelectual property, investments, etc.
IP issues such as patents, trademarks, etc, are not a natural byproduct of free trade. They represent the opposite of Smith´s dreams. A patent is a legal monopoly to use and commercialize an innovative product or process. Yeah, it restricts the freedom of others to use or trade something. That happens with IP rights on use of vegetable species to heal, so big pharma is deeply interested in getting the agreement complete. Well, I am not going to bore you anymore. Check this video from the Wall Street Journal.


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