TPP and these other trade deals show the end result of capitalism...

[pampango]

46. FDR's ITO pioneered the concept of neutral arbitration of trade disputes, much more than just

reducing tariffs. His ITO also introduced employment, labor and development standards as part of a trade agreement.

Along with the World Bank and the IMF, the International Trade Organization (ITO) formed the centrepiece of new kind of international organization in the mid to late 1940s. At the time, what was particularly novel about the Havana Charter was that it was not simply or mainly a trade organization like the WTO, its latter day descendent. At its core, the countries of the world, rejected the idea that it was possible to maintain a firewall between trade, development, employment standards and domestic policy. Its most distinctive feature was the integration of an ambitious and successful program to reduce traditional trade barriers, with a wide-angled agreement that addressed investment, employment standards, development, business monopolies and the like. It pioneered the idea that trade disputes had to be settled by consultation and mediation rather than with legal clout. Further it established an institutional linkage between trade and labour standards that would effect a major advance in global governance. Finally it embedded the full employment obligation, along with "a commitment to free markets" as the cornerstone of multilateralism.

Despite these accomplishments, the US Congress refused to ratify the Havana Charter even though it had signed it. As a direct consequence, the ITO's collapse represented a significant closure of the full employment era internationally. In the end, it's demise made possible the rapid return of the free trade canon that increasingly, would impose its authority and ideology on all international organizations and on the practice of multilateralism. As this essay concludes, its history compelling because whatever its apparent shortcomings, governments, economists and ordinary people demanded that trade, employment goals and developmental needs should reinforce each other in the world trading system.

http://www2.warwick.ac.uk/fac/soc/pais/research/researchcentres/csgr/research/workingpapers/2000/wp6200.pdf

The republican congress rejected the ITO proposed by FDR and negotiated by Truman, precisely for the national sovereignty concern about a multilateral organization making decisions that would affect the US.

The IMF and World Bank were approved by congress while it was still controlled by Democrats. The negotiation of the ITO did not end until republicans had taken control of congress. GATT was a supposed to be a temporary part of the ITO. Truman authorized it by executive order since he thought the republican congress would kill that too.