Launched in 1995, the World Trade Organization (WTO) completed the Bretton Woods trio with the World Bank, and the International Monetary Fund in promoting neoliberalism and corporate globalization. The WTO was particularly special in its power to legally enforce and penalize countries, taking away the policy space of governments, and on several occasions, forcing them to change their national laws in order to implement global free trade rules.
The article provides examples of how international trade agreements usurp local control of the economy. It also shows what policies are needed to promote a healthy, ecologically sustainable economy. However, it fails to identify the system of capitalism which of necessity promotes harmful policies. In spite of this omission the article reaches a sound, although rather vague conclusion:
To really address the climate crisis, a world without the WTO and the FTAs, one that is not dominated by transnational corporations and the global free trade regimes, is necessary! We have to change the system, and we have to do this now.