2016 Postmortem
In reply to the discussion: Why progressives should rescue the TPP trade deal [View all]guillaumeb
(42,641 posts)The first, of course, is to further the damage that NAFTA did to workers all over the world as open markets accelerate the "race to the bottom" of wages. Corporations and the 1% before people.
The second, largely unspoken, is to marginalize China and counter Chinese influence in the world. THAT is the real reason that China is not a part of the TRANS PACIFIC deal. The only major country bordering the Pacific that is not part of the deal. And this issue of ignoring and marginalizing China is ignored in all of these articles about the supposed benefits of the TPP.
This deal is Obama's way of ensuring continued US military and financial dominance in world affairs and certainly a nice reward for the Wall Street industries that financed his election campaign.