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Lori Wallach Free Trade—The Price Paid (Part Two)

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Uploaded by on Mar 9, 2011

Lori Wallach discusses the impact of unfair trade rules such as those of NAFTA and the WTO, established in 1994 and 1995 respectively. She gives examples of how biased trade regulations can affect the interests of different member states, including such instances as baby food sold in Guatemala, foreign-owned patents in India and hormone-treated meat in Europe. Any multi-national corporation can effectively challenge any country in which it operates at a WTO court. Countries are forced to comply by the threat of trade sanctions. As a result, government authority is weakened and corporations are empowered.

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