The Trans Pacific Partnership is a disastrous trade agreement designed to protect the interests of the largest multi-national corporations at the expense of workers, consumers, the environment and the foundations of American democracy. It will also negatively impact some of the poorest people in the world. The TPP is a treaty that has been written behind closed doors by the corporate world. Incredibly, while Wall Street, the pharmaceutical industry and major media companies have full knowledge as to what is in this treaty, the American people and members of Congress do not. They have been locked out of the process.
The TPP follows in the footsteps of other unfettered free trade agreements like NAFTA, CAFTA and the Permanent Normalized Trade Agreement with China (PNTR). These treaties have forced American workers to compete against desperate and low
wage labor around the world. The result has been massive job losses in the
United States, and the shutting down of tens of thousands of factories. These corporately backed trade agreements have significantly contributed to the race to the bottom, the collapse of the American middle class and increased wealth and income inequality. Former President Bill Clinton said that NAFTA was the biggest mistake of his presidency.
Sections of the TPP published by Wikileaks have revealed the treaty’s vast influence over multiple areas including individual rights, internet freedom and even the rule of law itself. Unelected corporate boards and the President can now wield unprecedented control over almost every aspect of human activity. “If you read, write, publish, think, listen, dance, sing or invent; if you farm or consume food; if you’re ill now or might one day be ill, the TPP has you in its crosshairs,” Wikileaks’ Julian Assange wrote.
Although it is called a “free trade” agreement, the TPP is not mainly about trade. Of TPP’s 29 draft chapters, only five deal with traditional trade issues. One chapter would provide incentives to offshore jobs to low-wage countries. Many would impose limits on government policies that we rely on in our daily lives for safe food, a clean environment, and more. Our domestic federal, state and local policies would be required to comply with TPP rules.
The TPP would even elevate individual foreign firms to equal status with sovereign nations, empowering them to privately enforce new rights and privileges, provided by the pact, by dragging governments to foreign tribunals to challenge public interest policies that they claim frustrate their expectations. The tribunals would be authorized to order taxpayer compensation to the foreign corporations for the “expected future profits” they surmise would be inhibited by the challenged policies.
Despite massive opposition from the American people, Tea Party Republicans and a majority of Democrats, Obama was granted fast-track authority by a 60-38 vote. “Obama will be able to finalize all three of the Obama trade deals, without any Congressional input…” notes Breitbart.
The Administration admits that there will be massive job loss. They plan on
financing retraing for those affected workers via the TAA (Trade Adjustment Assistance) by STEALING $700 million from Medicare.