Wed Feb 26, 2014, 05:12 PM
Divernan (13,672 posts)
How TPP Would Harm You at the Drug Store and on the Internet [View all]
I don't care how much Obama and either Clinton have benefited or expect to benefit from past or future campaign contributions and/or board appointments from Big Pharma or other giant, monopolistic corporations. We know, thanks to Wikileaks that this secretly negotiated trade agreement and the fast track approval process Obama is pushing for are the antithesis of our government's balance of powers and what we progressive Democrats are all about, and it can prove lethal for the citizens of the USA or any other country affected by the TPP. When it comes to drug patents and prices, we're talking life and death.
One example of the way the intellectual property provisions favor giant, multinational corporations over smaller, innovative corporations and regular people around the world is in pharmaceutical prices. A company with a drug patent is granted a monopoly to sell the drug at any price they choose with no competition. Currently a drug might be patented for a limited number of years in different countries. When the patent runs out other companies are able to manufacture the drug and the competition means the drug will sell at a lower cost..
This would provide large pharmaceutical firms with new rights and powers to increase medicine prices and limit consumers’ access to cheaper generic drugs. This would include extensions of monopoly drug patents that would allow drug companies to raise prices for more medicines and even allow monopoly rights over surgical procedures. For people in the developing countries involved in TPP, these rules could be deadly – denying consumers access to HIV-AIDS, tuberculosis and cancer drugs.
As to the Internet, the IP section of TPP gives corporations power in deciding what regular people can see, do or say on the Internet. It would override our current rules and regulations, even imposing laws like SOPA and PIPA, which Congress has specifically rejected. More detailed information is provided at the above link.
If Obama and the global corporations gain fast track approval, it will be one-bribe(oh, excuse me/campaign "contribution")-fits-all on this straight up or down vote, and it appears Obama/Corporate interests wouldn't be pushing so hard for this unless they were confident they can buy enough Congressional votes to win this vote, no matter how horrific the provisions of the TPP.
An Undemocratic Path to Unfair “Trade”
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