Dead Cat Bounce? Oil Prices After King Abdullah's Death

  • Subscribe to our RSS feed.
  • Twitter
  • StumbleUpon
  • Reddit
  • Facebook
  • Digg

Wednesday, 24 April 2013

EU-US FTA & the Lameness of 'Cultural Exception'

Posted on 08:21 by Vicky daru
There is already a certain desperation to the idea that trade can significantly be boosted between the US and EU FTA when they already have exceptionally low tariff levels. What more substantial trade barriers can be removed? Are these dynamic and growing markets? The answers, of course, are "few" and "no." Despite there being a number of obstacles to even this smallest of possible achievements--especially agriculture--one of the more interesting ones concerns trade in "audiovisual industries."

Today, I came across two interesting articles on US entertainment. The first concerns American firm director Michael Bay "apologizing" for his movie Armageddon. Alike the vast majority of US-based productions, Bay's films have next to no artistic merit despite having commercial appeal. So it's schlock, but it's schlock that finds a ready audience of gullible folks worldwide of the lowest common denominator variety [explosions! special FX! naked people! cussing!] I myself prefer watching documentaries, but that's beside the point.

Another article deals with the latest resurrected and utterly ridiculous trade grievance of the Europeans. It may seem to you that I usually side with the Europeans in trade disputes with Americans, but that's not always the case--especially over the non-issues of GM food, hormone-fed cattle, and so on. Here we have another blatant form of European protectionism waiting in the wings over the supposed cultural erosion that will occur if American films are allowed unfettered access to European markets:
The cultural exception has its roots in 1993 when a furor erupted as Hollywood, notably led by late MPAA chief Jack Valenti, wanted to include the audiovisual industries in the GATT (General Agreement on Tariffs and Trade) negotiations. Europe, led by France, balked. Member states claimed that including the arts would threaten their quota and subsidy systems and put them in danger of total Hollywood hegemony. Hours from the deadline, a deal was struck and Europe got its way.

In their current petition, Euro filmmakers say 20 years ago, “the cultural exception burst onto the international scene, leading to the recognition of a specific status for audiovisual works as they are not just goods like any others and must therefore be excluded from trade negotiations.” The group calls the proposed negotiations mandate “a renunciation,” “a capitulation” and “a breaking-point” which would “reduce culture to nothing more than a commodity.” The group further argues that the trade negotiations appear “strikingly like a conscious desire to bring European culture to its knees.”
The most vociferous opponents of this so-called cultural invasion are (surprise!) the French:
But that wasn’t quite good enough for France’s external commerce minister Nicole Bricq and culture minister AurĂ©lie Filippetti, who said, “France has placed a sine qua non condition on its accord for trade negotiations with the United States: The full respsect of the cultural exception and in particular the pure and simple exclusion of audiovisual. The draft mandate must therefore be modified” to erase De Grucht’s “ambiguity.” They added, “France will not compromise. The exclusion of audiovisual services is not negotiable. A policy statement is not enough.”
This argument is quite frankly moronic in exactly the same way that French authorities acting as "guardians" of French language is: In a free market, no thought police are supposed to disapprove of your (exceedingly poor) taste in (lowbrow) American fare for as long as your (deplorable) viewing habits harm no one else. If people want to watch garbagey American films and don't hurt anyone in the process, then they ought to be free to do as they damn well please.

So here's a (backhanded) salute to Michael Bay and other directors of proto-garbage American entertainment from the IPE Zone. I certainly wouldn't want to watch their brand of Ameritrash, but I will strongly support the right of others to watch it. Heck, I'll even encourage you to play the archetypal American entertainer Whitney Houston's rendition of the Star Spangled Banner while you're at it ;-)
Email ThisBlogThis!Share to XShare to Facebook
Posted in Americana, Europe, Trade | No comments
Newer Post Older Post Home

0 comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Popular Posts

  • Detours to Linking HK, Shanghai Stock Exchanges
    The Hong Kong Stock Exchange has yet to be, ah, Shanghaied The recent turmoil over student protesters jamming the normal course of traffic (...
  • National Debt That's 245% of GDP? No Worries, Japan
    Relaaaaax; it's not as bad as it looks for Japan? Economics Professor Masazumi Wakatabe at Waseda University was prompted to write comme...
  • Professional Stand-In-Liners, a Venezuelan Profession
    "Everyday I dream dipeys don't run out once I finally get into the store." To be sure, professional waiters-in-line are not u...
  • Russia Fun: Ruling on $100B Yukos Expropriation Claim
    Those were the days--and some hope to bring them back. Five years later, we are about to hear the decision on Russia's liabilities from ...
  • East / Southeast Asia's Demographic Bifurcation
    There's are always interesting demographic discussions about the "West and the Rest," but there are also interesting demograph...
  • Dive Contest: Russian Ruble v Ukrainian Hryvnia
    Only the bravest would take a position on the RUB/UAH exchange rate. In the Summer Olympics, they have a popular and quite watchable event c...
  • China Has Exhausted Its Goodwill in SE Asia
    Call it "Escape From the Killing Fields 2": China sending ships to repatriate its workers from Vietnam as anti-PRC riots there re...
  • A Bad Idea: Flying Passenger Jets Over Ukraine
    I am greatly saddened by the loss of Malaysia Airlines MH17 over the airspace of Ukraine. I have been following the disaster since it was re...
  • Sands' Sheldon Anderson 1, Online Gambling Stateside 0
    The US nanny state and a casino mogul combine to frustrate online gambling Stateside. For a long time, I have covered attempts to regulate I...
  • Egypt's World Beggary Tour 2013 Goes On
    The rise and millennia-long fall of the Egyptian Empire continues apace. From the giddy heights of empire catalogued in the Bible to its pre...

Categories

  • Aerospace
  • Africa
  • Agriculture
  • Americana
  • Anti-Globalization
  • APEC
  • Caribbean
  • Cars
  • Casino Capitalism
  • Cheneynomics
  • China
  • Commodities
  • Corruption
  • Credit Crisis
  • CSR
  • Culture
  • Currencies
  • Demography
  • Development
  • Economic Diplomacy
  • Economic History
  • Education
  • Egypt
  • Energy
  • Entertainment
  • Environment
  • Europe
  • FDI
  • Gambling
  • Gender Equality
  • Governance
  • Health
  • Hegemony
  • IMF
  • India
  • Innovation
  • Intellectual Property
  • Internet Governance
  • Japan
  • Labor
  • Latin America
  • Litigation
  • Marketing
  • Media
  • Microfinance
  • Middle East
  • Migration
  • Mining
  • MNCs
  • Multiculturalism
  • Neoliberalism
  • Nonsense
  • Outsourcing
  • Paris Club
  • Religion
  • Russia
  • Sanctions
  • Security
  • Service Announcement
  • Socialism
  • Soft Power
  • South Asia
  • South Korea
  • Southeast Asia
  • Sports
  • Supply Chain
  • Technology
  • Trade
  • Travel
  • Underground Economy
  • United Nations
  • World Bank

Blog Archive

  • ►  2015 (16)
    • ►  January (16)
  • ►  2014 (295)
    • ►  December (21)
    • ►  November (27)
    • ►  October (27)
    • ►  September (24)
    • ►  August (24)
    • ►  July (28)
    • ►  June (27)
    • ►  May (27)
    • ►  April (29)
    • ►  March (23)
    • ►  February (18)
    • ►  January (20)
  • ▼  2013 (183)
    • ►  December (15)
    • ►  November (17)
    • ►  October (19)
    • ►  September (21)
    • ►  August (14)
    • ►  July (17)
    • ►  June (16)
    • ►  May (8)
    • ▼  April (9)
      • Egypt's World Beggary Tour 2013 Goes On
      • EU-US FTA & the Lameness of 'Cultural Exception'
      • Of Profits & Reconciliation: Kaesong Industrial Co...
      • Arab Spring F1 (Ep III): 2013 Bahrain Grand Prix
      • LDC Marketing Lessons Selling to Brokebank Yanks
      • The IMF is Unfair (Duh): Japan v Egypt
      • "Overfinance": Iceland, Cyprus...Now Luxembourg?
      • Loser's Lament: Delta Air Sues US Ex-Im Bank
      • Obama's Anti-China Free Trade Area of Free People ...
    • ►  March (13)
    • ►  February (14)
    • ►  January (20)
  • ►  2012 (4)
    • ►  December (4)
Powered by Blogger.

About Me

Vicky daru
View my complete profile