General Discussion
In reply to the discussion: American State of the Union: A Festival of Lies [View all]rhett o rick
(55,981 posts)Here's what I know:
The Trans-Pacific Partnership (TPP) is a trade agreement being negotiated between about a dozen Pacific Rim countries and the USofA. This trade agreement is being compared to the North American Free Trade Agreement (NAFTA) on steroids.
NAFTA was signed into law in 1994 by President Clinton. NAFTA was sold as a trade agreement that would bring prosperity to both the USofA and Mexico. It has done the opposite. From: (http://www.alternet.org/nafta-20-1-million-us-jobs-lost-record-income-inequality)
Public Citizens Global Trade Watch has issued a new report, NAFTA at 20: One Million U.S. Jobs Lost, Mass Displacement and Instability in Mexico, Record Income Inequality, Scores of Corporate Attacks on Environmental and Health Laws.
This report give specifics on how damaging NAFTA has been to Americas middle class.
The TPP is expected to be much worse.
You probably havent heard much about the TPP because it has been negotiated in secrecy from the public. And also kept secret from Congress.
While a liberal media would be all over this story, the corporate owned media is ignoring it.
While its being kept secret from the public, 600 corporations get to view the text and many get to provide input.
Some sections of the document in progress have been leaked by Wiki-Leaks confirm that this document is intended to benefit corporations and not the middle or lower classes.
What is so bad about the TPP?
It exempts foreign corporations from US laws and regulations. In fact the US taxpayers could be liable if our regulations harm the profits of these international corporations.
The TPP will encourage more corporations to ship American jobs to foreign countries that have less environment, health and safety standards and lower wages.
Our own buy local movements could be challenged by international corporations in international courts.
Pharmacies would be able to extend the period of time they hold the patient on drugs making it more difficult to buy generic drugs.
I have more if you are interested.
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