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A View from the Altar / Mental deficiency at World Trade Organization
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Mental deficiency at World Trade Organization

Noted in passing: The WTO has issued orders to China about the terms under which they may sell, or not sell, their natural resources.

Why this matters.  China owns a controlling proportion of so-called rare earth metals.  Rare earth metals such as neodymium are key to the development of greed gadget energy because they have unique properties such as the ability to form the strongest possible permanent magnets.

So here’s the deal.  Western governments have mandated creation of green gadgets such as wind turbine generators and electric cars.  These industries absolutely, positively must have rare earth metals.  China owns the market on rare earths.  Being good capitalists, they’re seeking to capitalize on their market advantage.

What’s wrong with that, you ask?  As far as I can see, nothing.  But it’s given the WTO officials a case of the vapors.  The one thing you Must Not Do is take advantage of your advantages.

Just a hunch, but I’m thinking the WTO may look forward to China sending some guys to apologize and weep with repentance while their mining industry does as it pleases.  In a way, it’s refreshing to see some people who want what’s best for their country and their industry and don’t care if all bureaucrats in Geneva have a conniption about it.

otherbrothersteve@gmail.com

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