Thanks Kat, Stan and David, quote from article: Trade agreements go far beyond tariffs and import duties. Trade deals are political, economic, social and moral documents. They define how we divide gains and how we determine winners and losers. They set rules at a global scale, bypassing the normal democratic processes that we used for generations to build a strong middle class in America. Very soon, Congress will take up the Trans-Pacific Partnership (TPP) and a similar deal with Europe, known as TTIP. These two huge NAFTA-style trade deals will consolidate the failed NAFTA-style trade policy as a global standard. Collectively, trade deals define global power relationships in manufacturing, agriculture, pharmaceuticals, public health, patents, internet freedom, food safety, immigration, financial regulation, labor rights, and environmental protection. Those power relationships will determine how we divide future gains from productivity and trade. Those with dominant economic, political, social and moral power will extract gains for themselves, and those without power will be fortunate to cling to what they have. No wonder that inequality is the defining challenge of our time. Free trade failed. Its not free -- it will cost us our future. Its not trade -- its about the power to divide gains. It doesnt work
Posted on: Thu, 16 Jan 2014 03:16:00 +0000
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