Democratic Underground Latest Greatest Lobby Journals Search Options Help Login

How TPP and EU-US Trade Deals will gut nat'l regs, hurt budgets and undermine soverignty.

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
Home » Discuss » General Discussion Donate to DU
No Elephants Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-16-13 07:33 AM
Original message
How TPP and EU-US Trade Deals will gut nat'l regs, hurt budgets and undermine soverignty.

How the Pending Trans-Pacific Partnership and EU-US Trade Deals Will Gut National Regulations, Hurt Budgets, and Undermine Sovereignity - 08/16/2013 - Yves Smith

lives of ordinary citizens in order to fatten the bottom lines of major multinationals, namely, two major US-led international trade pacts. Even though the US media has given these pending deals scant attention, they represent a far-reaching effort to restructure basic legal and regulatory frameworks. As we wrote earlier this year:

By way of background, the Administration is taking the unusual step of trying to negotiate two major trade deals in the same timeframe. Apparently Obama wants to make sure his corporate masters get as many goodies as possible before he leaves office. The Trans-Pacific Partnership and the US-European Union Free Trade Agreement are both inaccurately depicted as being helpful to ordinary Americans by virtue of liberalizing trade. Instead, the have perilous little to do with trade. They are both intended to make the world more lucrative for major corporations by weakening regulations and by strengthening intellectual property laws. The TPP has an additional wrinkle of being an everybody but China deal, intended to strengthen ties among nations who will then be presumed allies of America in its efforts to contain China

Baker describes in scathing terms why these types of deals are bad policy:

these deals are about securing regulatory gains for major corporate interests. In some cases, such as increased patent and copyright protection, these deals are 180 degrees at odds with free trade. They are about increasing protectionist barriers..
These deals will also lead to more upward redistribution of income. The more money that people in the developing world pay to Pfizer for drugs and Microsoft for software, the less money they will pay for the products that we export, as opposed to intellectual property rights.

This is yet another case where the government is working for a tiny elite against the interests of the bulk of the population.

See also Trans-Pacific Partnership threatens democracy, economic sovereignty

Drone killings, TARP, TPP, surge in Afghanistan, drone murders, mass surveillance, bailout of health insurers, the list goes on and on and on
Refresh | +1 Recommendations Printer Friendly | Permalink | Reply | Top
Enthusiast Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-16-13 08:40 AM
Response to Original message
1. Of course I'm against the TPP.
Given enough information the American people will be against it. That's why it is being blacked out in the national media.
Printer Friendly | Permalink | Reply | Top
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Wed Jan 17th 2018, 04:32 AM
Response to Original message
Advertisements [?]

Home » Discuss » General Discussion Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC