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To: Rick Escher who wrote (7972)3/23/2000 8:44:00 AM
From: Guardian  Respond to of 24042
 
simple politics-what goes one way can as easily go the other. all give and take between governments. balancing the greed factor is government's task, not eliminating it as idealists would hope. just look at the auto industry history between japan and U.S. as they say, do unto others as you would have them ....



To: Rick Escher who wrote (7972)3/24/2000 7:23:00 AM
From: nihil  Read Replies (1) | Respond to of 24042
 
Sure. It's called comity. Friendly nations who have treaties of friendship, commerce and navigation with each other agree to treat citizens (including corporations) of friendlies equally with their own. It is also called most favored nation treatment, in which one country agrees that it will treat the traders of another country no worse than they treat the traders of the country that they treat the best. Thus when the US enters into common market agreements with Mexico and Canada and Israel it guarantees to treat citizens of any other country with which it has treaties just as well as it treats its common market partners.
It is also common sense. If the US allowed its companies to restrain trade and monopolize wrt foreign companies, it would quickly discover that many can play that game. When a US company is victimized in China (as MacDonald's was in Beijing, the US can intervene and force China to correct the mistreatment.) If China refuses, then its MFN treatment and hopes of entering the WTO will be abrogated.
Today, trading nations are not allowed to subsidize and protect their local firms except by treaty. NASA subsidizes Boeing about 5% and the European partners in Airbus Industrie are allowed to subsidize their company a corresponding amount. Ireland is being forced to reduce the enormous subsidies they have given US high tech companies (such as HWP, Intel, and Dell) to locate there, or to provide corresponding subsidies in the form of lower income taxes to Irish firms.