Big corporations and banks are frustrated that the Trans Pacific Partnership, a proposed free-trade agreement beween the U.S. and 11 nations of South America, North America and Asia, is going nowhere. Partly that’s because Japan refuses to allow in exports from American agribusiness. But the real opposition lies in Congress. “The problem is largely with Democratic labor groups and constituencies,” says Susan Schwab, former U.S. trade representative in the George W. Bush administration. Wrong. It’s that the deal was negotiated behind closed doors by big corporations and banks, and its details still haven’t been shared with the public. All we know is corporations get protection for their intellectual capital, banks get protection for their financial capital, but human capital – American jobs and workers – get no protection whatsoever. According to polls, most Americans don’t want or trust the Trans Pacific Partnership. And they shouldn’t.
Posted on: Sun, 05 Oct 2014 15:38:42 +0000
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