Générée Eleutherium on 28 Mar 2001 09:11:26 -0000

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[Nettime-bold] Re: Question: Untitled

Well, you see, there is what we call a *selective illegality* to this
behavior. It is routine for fast food or merchandising franchises to
eviscerate local businesses while operating at a loss until those
businesses are gone: Wal-Mart, Starbucks, McDonalds, the list goes on and
on and on. This dumping is tolerated because it is known that a free,
unregulated market leads to increased benefit for all, except under very
limited conditions the residents of areas that have been targeted by
especially energetic entities. Besides that, the higher rate of growth of
the economies of nations that tolerate such behavior is enough to convince
anyone that such behavior is beneficial and should not only be tolerated,
it should be encouraged.


The World Trade Organization: Making the World Safe For Effectiveness.

You wrote:
>thank you so much for your prompt response.  I was under the impression
>that this behavior was illegal since the outcome can be catastrophic for
>domestic businesses.  If I understand correctly, the WTO would not
>interfere unless there were human lives at stake.  
>thanks again for taking the time to reply.   I'm just beginning to get my
>feet wet in the world of international business and so far I'm fascinated
>by it.  
>On Tue, 27 Mar 2001 10:58:22 -0500 Générée Eleutherium <tellme@gatt.org>
>> Dear Dumper,
>> Thank you for concerning yourself.
>> First of all, you have a misunderstanding: dumping is done by
>> corporations, who have a product and wish to eviscerate others in 
>> the
>> field by lowering prices to a level uncompetitible, for a
>> period of time, until the competition disappears or is
>> otherwise vanished. Often, governments will agree.
>> This is, contrary to misconception, not generally punishable. In 
>> other
>> words, we are not generally concerned with dumping behaviors. The
>> removal of "small" competitors from markets through abnormal price
>> reduction (with, generally, accompanying quality reduction not
>> translatable to the consumer's awareness) is routinely accomplished 
>> by
>> such pillars as fast-food franchises, parts-machining conglomerates,
>> automobile producers. Where people are not protected from resulting
>> diseases and other catastrophes, resulting diseases and other
>> catastrophes will indeed result.
>> So it is with dumping in general.
>> Thank you,
>> Générée Eleutherium
>> http://www.gatt.org/
>> The World Trade Organization: Making the World Safe For 
>> Effectiveness.
>> You wrote:
>> >I'm interested in finding a little more about the antidumping laws, 
>> in
>> >particular how you punish those braking this law. I have searched 
>> your
>> >web site but didn't find anything about governments that have 
>> broken
>> >this law and how they were punished by the WTO.
>> >
>> >Thanks
>> >
>> >
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