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Indybay FeatureRelated Categories: U.S. | Global Justice and Anti-Capitalism
The Trans-Pacific Partnership will be a windfall for foreign corporations
TPP is a super box-store-sized NAFTA, the 1994 trade scam rammed through the Senate by the corporate establishment and signed by then President Bill Clinton. NAFTA promised globalization and prosperity across America. Unfortunately, big corporations got the profits. We got the tab.
American businesses have never been afraid to compete amongst each other within reason. Competition is what has driven our economy to produce higher quality products at better prices. But now that competitiveness is being threatened by an international pact from hell called The Trans-Pacific Partnership, which will severely tie our hands when trying to compete with certain foreign corporations.
For instance, let’s say the president or Congress said businesses all across America had to eliminate such local programs as Buy Local, Buy American, Buy Green, etc., to pave the way for foreign corporations to have the right to make the sale on any products purchased with our tax dollars? This trampling on our people’s right to direct expenditures leads to the horror stories of the Trans-Pacific Partnership (TPP), which is more like a coup than partnering.
TPP is a super box-store-sized NAFTA, the 1994 trade scam rammed through the Senate by the corporate establishment and signed by then President Bill Clinton. NAFTA promised globalization and prosperity across America. Unfortunately, big corporations got the profits. We got the tab. Thousands of factories closed, and millions of middle-class jobs went south, and the prosperity of hundreds of towns and cities was shattered. Another side effect of the jobs loss is that payroll contributions to Social Security and Medicare were diminished.
This said, two decades later, the gang that gave us NAFTA turns up like a bad penny with TPP, a “trade deal” that for the most part does not deal with trade. Of the 29 chapters in this document, only five cover traditional trade matters! The other chapters amount to a sucker’s “partnership” for corporate protectionism. -
Read more at: http://www.intrepidreport.com/archives/11059#sthash.2Kzx10Su.dpuf