The Trans-Pacific Partnership and the Death of the Republic

Posted by freedomforall 9 years, 6 months ago to Business
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Ellen's title hits the nail on the head.
Excerpt:
In an April 22nd report from the Center for Economic and Policy Research, gains from multilateral trade liberalization were shown to be very small, equal to only about 0.014% of consumption, or about $.43 per person per month. And that assumes that any benefits are distributed uniformly across the economic spectrum. In fact, transnational corporations get the bulk of the benefits, at the expense of most of the world’s population.

Something else besides attracting investment money and encouraging foreign trade seems to be going on. The TPP would destroy our republican form of government under the rule of law, by elevating the rights of investors – also called the rights of “capital” – above the rights of the citizens.

That means that TPP is blatantly unconstitutional. But as Joe Firestone observes, neo-liberalism and corporate contributions seem to have blinded the deal’s proponents so much that they cannot see they are selling out the sovereignty of the United States to foreign and multinational corporations.
SOURCE URL: http://www.commondreams.org/views/2015/04/24/trans-pacific-partnership-and-death-republic


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  • Posted by 9 years, 6 months ago
    "Under the TPP or the TTIP (the Transatlantic Trade and Investment Partnership under negotiation with the European Union), would the Federal Reserve be sued if it failed to bail out banks that were too big to fail?

    Firestone notes that under the Netherlands-Czech trade agreement, the Czech Republic was sued in an investor-state dispute for failing to bail out an insolvent bank in which the complainant had an interest. The investor company was awarded $236 million in the dispute settlement. What might the damages be, asks Firestone, if the Fed decided to let the Bank of America fail, and a Saudi-based investment company decided to sue?"
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    • Posted by $ jbrenner 9 years, 6 months ago
      Bear Stearns was pretty big, and it was allowed to fail during the last huge set of bailouts. Back in the early 2000's, I had an account with them. I'm glad I got out of that one!
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      • Posted by 9 years, 6 months ago
        Seems like the TPP wants the taxpayer to take the loss even when the taxpayer's reps can't be corrupted. The elected reps won't be allowed to have integrity/ethics and decide that the company was at fault for their own demise and should be allowed to die instead of be given another chance to screw the taxpayers. It's dictatorship by corporate looters.
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  • Posted by $ jbrenner 9 years, 6 months ago
    Example of "corporate contributions seem to have blinded the deal’s proponents so much that they cannot see they are selling out the sovereignty of the United States to foreign and multinational corporations."

    Uranium One and the Clintons
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