Saturday, September 30, 2006

BBC repeats major myths regarding free trade

Here are three excerpts from an interview with Phillipe Legrain, author of Open World. Typical of the BBC they start off with bullshit. They introduce the series saying the Third World is getting poor. Rubbish. There are two different third worlds. One has globalized and one has not. The one that has globalized is growing at double the rate of the rich countries and the nations which did not have contracted economically. The interview seems to repeat one myth after another as if they are gospel truth. He also attributes all problems in the third world to free trade ignoring completely that large sections of the world simply have not joined free trade and they are the ones suffering. The poorest countries of the world have the largest trade barriers not the smallest.

Part one is on top, part two is next and part three is third.