geoff dennis with us. do you agree? geoff: i think it does make sense.hen the global financial crisis occurred, one of the predictions was that it would really start to set off a bout of trade protectionism because growth was astonishingly weak. now as we come out of the recovery -- out of the recession and into recovery it continues to be disappointing. everyone is trying to get a jump. there is more competition in trade. if this leads to a splintering of the wto process, that is bad news for the global economy. this has been building up for the last 60 or 70 years. brendan: when you look at the tpp martin wolf is worried about trade policy as foreign policy. the drumbeat underneath the tpp is we have got to get there before china. it makes trade policy subservient. geoff: 210, that is true. i generally think as a real economic argument for tpp. they might be trying to ensure their position in asia is strong, i think there's an economic factor. asia is still the strongest growing factor in the world. tom: we could go on about this all day. we continue a