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The US is losing a lot of powers gradually. The central bank has little power compared to what it used to. The stock markets aren't even the home of the most IPOs. The capital markets are only a player, not a dominant one as they used to be. The US has lost its power to demand what it wants from the world economy as well. This is a very real issue, if China stops playing by WTO rules and just decides to shut off ways to take out investments the world economy will be in serious trouble.
China's picking and choosing the best and ignoring the worst, the US is giving them plenty of justification to do so if they continue on this path.
Basically, the US has two choices and will need to do one of them within the next year:
1. Allow offshore gambling - likely with some regulations (which wont work) to watch for money laundering and terrorists. Most likely the wire act will be repealed and US casinos will be given the ability to do fair competition with taxes.
2. Basically dissolve the WTO by giving it no power or effect.
Taking on China right after losing was not something the US would have done if they intended to ignore. It is much easier to ignore when not pursuing others.
I suspect we'll see wagering legal before Bush leaves office. |
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发表于 2007-4-12 05:37
