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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forums"TPP is a Trojan horse in a global race to the bottom" - Robert Reich
Fascinating read: http://robertreich.org/post/107257859130
Whats been leaked about it so far reveals, for example, that the pharmaceutical industry gets stronger patent protections, delaying cheaper generic versions of drugs. That will be a good deal for Big Pharma but not necessarily for the inhabitants of developing nations who wont get certain life-saving drugs at a cost they can afford.
The TPP also gives global corporations an international tribunal of private attorneys, outside any nations legal system, who can order compensation for any unjust expropriation of foreign assets.
Even better for global companies, the tribunal can order compensation for any lost profits found to result from a nations regulations. Philip Morris is using a similar provision against Uruguay (the provision appears in a bilateral trade treaty between Uruguay and Switzerland), claiming that Uruguays strong anti-smoking regulations unfairly diminish the companys profits.
Anyone believing the TPP is good for Americans take note: The foreign subsidiaries of U.S.-based corporations could just as easily challenge any U.S. government regulation they claim unfairly diminishes their profits say, a regulation protecting American consumers from unsafe products or unhealthy foods, investors from fraudulent securities or predatory lending, workers from unsafe working conditions, taxpayers from another bailout of Wall Street, or the environment from toxic emissions.
The TPP also gives global corporations an international tribunal of private attorneys, outside any nations legal system, who can order compensation for any unjust expropriation of foreign assets.
Even better for global companies, the tribunal can order compensation for any lost profits found to result from a nations regulations. Philip Morris is using a similar provision against Uruguay (the provision appears in a bilateral trade treaty between Uruguay and Switzerland), claiming that Uruguays strong anti-smoking regulations unfairly diminish the companys profits.
Anyone believing the TPP is good for Americans take note: The foreign subsidiaries of U.S.-based corporations could just as easily challenge any U.S. government regulation they claim unfairly diminishes their profits say, a regulation protecting American consumers from unsafe products or unhealthy foods, investors from fraudulent securities or predatory lending, workers from unsafe working conditions, taxpayers from another bailout of Wall Street, or the environment from toxic emissions.
And much, much more at the link above...
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"TPP is a Trojan horse in a global race to the bottom" - Robert Reich (Original Post)
Proud Public Servant
Jan 2015
OP
Thanks for posting. I hope that the President soon sees the error of his ways. nm
rhett o rick
Jan 2015
#1
rhett o rick
(55,981 posts)1. Thanks for posting. I hope that the President soon sees the error of his ways. nm
lark
(23,134 posts)2. I think he knows and supports it totally.
Otherwise why is he pushing it so hard, and why is he pushing so hard for fast-track. It's either that, or he just trusts the negotiators and doesn't care enough to find out what's really in it. Either way, he's looking really bad on this.
Unknown Beatle
(2,672 posts)3. But...but...but...
Obama knows it's good for "Mercans".
(Do I really need a sarcasm smilie?)