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The United States Should Leave the WTO

Jun. 09, 2011 2:49 AM ET
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Trade blocs are redundant because of the WTO. But the EU and the anglosphere will be better off if they leave the WTO and form their own trade bloc while they still have similar pay levels. So long as the industrialized countries continue in the WTO, China, just like Taiwan and South Korea before it, will keep taking advantage of their markets while protecting its own home market. In the meantime, the economies of industrialized countries will continue to undiversify, perpetuate their underemployment and lower their weekly earnings.

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