Saturday, April 26, 2014

More on TPP

I found another succinct description of the Trans-Pacific Partnership this morning that I can share. 
Research concludes that if you're making less than $87,000 per year (the current 90th percentile wage), the Trans-Pacific Partnership would mean a pay cut. But that's fine for corporations who want this treaty. 

TPP is a massive "trade" treaty between Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States and Vietnam. "Trade" is in quotes because only five of the treaty's 29 chapters actually deal with trade. Others set rules on investment, set limits on the ability of governments to regulate corporations, restrict a government's ability to spend its own tax dollars on goods made in that country (such as "Buy America" procurement policies) and other things well beyond the usual scope of what would be considered a trade agreement. This leads many to claim that the treaty is really about limiting the ability of governments to reign in the giant corporations. (For those not familiar with TPP, read all about it in's TPP section.)
Here's the source for the blip above. Bottom line is plain to see. Another gigantic boondoggle for rapacious, out-of-control capitalism, which, as is becoming increasingly apparent, will be the death of us all.
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