Townhall.com, Where Your Opinion Counts
Talk Radio:   Bill Bennett   Mike Gallagher   Dennis Prager   Michael Medved   Hugh Hewitt   
BREAKING NEWS  LeftArrow - Townhall.com : Conservative, Political, Republican   RightArrow - Townhall.com : Conservative, Political, Republican  
Columns, funnies & more in your inbox!
  • Check the boxes and send us your email address to receveive your free newsletter
  • Your daily must-read of conservative columns, cartoons and news. Coulter, Sowell, Krauthammer and more.
  • Townhall.com’s weekly inside scoop on what’s happening behind the scenes in the world of politics. When news breaks, we report.
  • Signup to receive the latest daily Townhall cartoons
Sunday, August 15, 2004
George Will :: Townhall.com Columnist
Trade politics
by George Will
Vote on It:
Average Vote:
[+] Text [-]
 
 
Poll
Was the Copenhagen Global Warming Summit Walk-Out a Win for the U.S.?


     WASHINGTON -- On Bob Zoellick's office wall hangs a portrait of George McClellan, the Union general who was Napoleonic in self-regard but not in martial spirit and who is remembered primarily for his reluctance to fight. ``I asked for a good portrait of a Civil War general,'' says Zoellick. ``I should have asked for a portrait of a good general.''

     Zoellick, the most important government official most voters have never heard of, holds a job that is one of the underestimated stakes in this presidential election. John Kerry, who is given to complaining that questions about his policies impugn his patriotism, has said smarmily that as president he will ``appoint a U.S. trade representative who is an American patriot.'' Zoellick, the man Kerry slandered, is President Bush's trade representative, and on one day last month in Geneva he did more discernable good for his country than Kerry has done in 20 years in the Senate.

     On July 31 the string of setbacks in trade liberalization that began in Seattle in 1999 -- five years of growth stolen from the world -- ended. The World Trade Organization reached an agreement that the industrialized countries -- especially the United States, members of the European Union and Japan -- will eliminate their agriculture export subsidies, which inhibit and distort trade, and will make ``substantial reductions'' in domestic farm supports, starting with a 20 percent cut. Poor countries will make similar cuts. Details, wherein lurks the devil, to follow.

     This is not altruism on the part of the developed nations. It is better than that. It is economic rationality.

     The publics of those nations will reduce their payments to their own farmers. Those farmers will benefit from an increased velocity of trade in a more open international system. For poorer countries -- up to 45 of them are net food importers -- the elimination of the rich nation's export subsidies may mean increased food costs, at least for a while. But increased food prices in the importing countries will be incentives for production by their farmers. And to the extent that those farmers cannot compete with imports, they will be turned toward work in other fields -- their countries' comparative advantages.

     America's agricultural interests are varied and sometimes in conflict. Beef, fruits and vegetables have no subsidies. But Americans pay more than four times the world price of sugar because of a combination of import quotas and tariffs. In general, the farm community -- one in three acres is planted for exports, which approach $60 billion annually -- supports free trade.  Zoellick, who unlike many millions of his obese compatriots is rail-thin, says, ``How much can we eat? The markets have got to be abroad.''

     Prying open 147 economies at once is a Herculean task. It is axiomatic that as the number of parties to a negotiation increases arithmetically, the difficulty of reaching an agreement increases exponentially. Trade negotiations involving 147 economies are more challenging than a Rubik's Cube -- more like three-dimensional chess.

     Zoellick's aim is to insinuate ``some Hamiltonian concepts'' into U.S. foreign policy. Remember, he says, that without the sinews of economic strength that Hamilton provided, Jefferson -- who despised Hamilton -- would not have been able to achieve his greatest triumph, the Louisiana Purchase. Continued...

1 2
| Full Article & Comments | Next >
Share:
Vote on It:
Average Vote:
 
About The Author
George F. Will is a 1976 Pulitzer Prize winner whose columns are syndicated in more than 400 magazines and newspapers worldwide.
 
TOWNHALL DAILY: Be the first to read George Will's column. Sign up today and receive Townhall.com daily lineup delivered each morning to your inbox.
Sign Up to Post Your CommentsSign Up to Post Your Comments
If you are already registered, click here to login. Otherwise, please take a few seconds to register with Townhall.com. Once you sign up, you’ll be able to post your comments immediately, use the action center, get podcasts, and more!
Note: Fields marked with a red asterisk (*) are required.
Salutation:
First Name:
*
Last Name:
*
Email:
*
Nickname:
*
Note: Nick name will be shown when you post comments.
Address 1:
*
Address 2:
City:
*
State:
*
Zip:
*
Phone:
      
Your daily must-read of conservative columns, cartoons and news. Coulter, Sowell, Krauthammer and more.
(Bi-Weekly) We highlight the best opportunities from our partners for surveys, action items and more.