Can we get back to TPP?
There are threats in the world to the American way of life. Lets have some perspective.
The fight for American families is at home.
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We all have the general idea - TPP hangs like a sword of Damocles over the heads of working people everywhere! Bernie has always opposed it. Democrats who started 2015 for the TPP have all come around to oppose it ... and even a growing number of Republicans, maybe enough to defeat it in Congress.
But do we know specific reasons why we oppose it, now that the text of the TPP is available to people?
On 18 and 19 November (2015), Public Citizen's blog on globalization and trade ("Eyes on Trade"
announced publication of two PDFs detailing how the proposed TPP would greatly expand the power of global capital to wreak havoc with America's ability to regulate predatory capitalism, either inside or outside the borders of the USA.
For example: "TPP would be the first U.S. trade pact that would allow drug firms to demand cash compensation for claimed violations of World Trade Organization rules on creation, limitation or revocation of intellectual property rights." -- excerpted from New Analysis of TPP Investment Chapter
Further: "Reforms to the ISDS process that the administration has been advertising did not materialize. There are no new conflict interest rules. There is no appeals mechanism. There is no cap on tribunal costs or discretion about how much governments can be ordered to pay the investor. The ONLY improvement in the text from a public interest perspective is a partial carve out of tobacco control policies from ISDS attack, and that clause in part highlights how no other public health or environmental policies are similarly safeguarded."
Read it and condemn it! Link to PDF analysis of TPP investment chapter
But there's more to the madness of global capital! Here's a brief summary of TPP threats to global financial stability:
Excerpts from 'Eyes on Trade' blog, TPP Financial Stability Threats Unveiled: It’s Worse than We Thought
"Public Citizen’s Global Trade Watch has carefully analyzed the Financial Services Chapter of the recently released Trans-Pacific Partnership. One story that has not been told about the TPP is how this first U.S. trade agreement negotiated since the global financial crisis would impose the same model of financial deregulation that is widely understood to have fueled the crisis."
Further: "Despite the pivotal role that new financial products, such as toxic derivatives, played in the financial crisis, the TPP would require all TPP countries to allow new financial products and services to enter their economies if permitted in any other TPP countries."
Copy and paste (problems with direct link at Typepad.com) -
www.citizen.org/documents/analysis-tpp-financial-services-chapter-november-2015.pdf
