General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsUnless You’re a Corporation, Nothing Good Will Come of the Trans-Pacific Partnership
http://inthesetimes.com/working/entry/18514/corporations_not_workers_will_benefit_from_TPPFor workers, the TPPs dead rats are supersized versions of the ones in the North American Free Trade Agreement (NAFTA), the Korean free trade agreement (KORUS) and the agreement to allow China into the World Trade Organization. NAFTA covered only the United States, Mexico and Canada. The TPP would encompass four times that many countries the United States, Mexico, Canada and nine other nations, which together account for roughly 40 percent of global GDP and one-third of world trade.
Errors in such a deal would produce dangerously massive effects. And NAFTA, on which the TPP is based, is deeply flawed.
NAFTA provisions prompted corporations to move auto, auto parts, electronics, appliance and other factories from the United States to low-wage, low-environmental-protection Mexico. Twenty years later, an analysis by Public Citizens Global Trade Watch showed that NAFTA cost Americans at least 845,000 jobs. And the studys authors said they believe that number is low by hundreds of thousands because it includes only workers who qualified for Trade Adjustment Assistance, the federal aid for workers who can prove globalization cost them their jobs.
The TPP would encourage a new round of offshoring to countries with even more deplorable pay and environmental protections. And it would drive down U.S. wages by pitting American workers against those in Vietnam making less than 65 cents an hour and against forced and child laborers in Malaysia and Brunei.
Every time one of these deals is signed, its cheerleaders contend enforcement of new and improved labor and environmental standards will prevent U.S. job losses and wage reductions. Thats what TPP backers are swearing now. But, based on experience, thats nothing but a big fat rat.
Another rodent in the TPP stew is currency manipulation. Like China, TPP signatories Japan, Malaysia and Singapore exploit this tactic to lower the price of their exports. In August, China deliberately and sharply devalued its currency as its economy cooled and its stock market sank. That artificially lowered the price of the steel, tires, paper and other products that Chinese factories had overproduced for export. And it artificially increased the price of American products exported to China. That costs Americans their jobs.
Hoyt
(54,770 posts)How many got paid better working for a small local corporation, considering benefits? Corporations sux to high heaven, small ones are even worse.
So how do you propose to deal with China? Do you think the TPP might improve things, realizing that our glory days are over?
eridani
(51,907 posts)TPP improves things for the 1% and screws everyone else.
Hoyt
(54,770 posts)eridani
(51,907 posts)Fuck the 1% and their TPP.
Hoyt
(54,770 posts)eridani
(51,907 posts)ISDS has fuckall to do with tariffs.
Thanks to an ISDS provision in a past trade agreement, a mining company didnt have to go to a Canadian court to challenge the permit decision they went right to a special ISDS panel of corporate lawyers. Last month, the international panel ruled in favor of the mining company, and the decision cannot be challenged in Canadian courts.
Now the Canadian taxpayers may be on the hook for up to $300 million in damages to the mining company all because their government had the gall to stand up for its environment and the economic livelihood of its local fishermen.
ISDS isnt a one-time, hypothetical problem weve seen it in past trade agreements. Just in the past few years:
A French company sued Egypt after Egypt raised its minimum wage.
A Swedish company sued Germany because Germany wanted to phase out nuclear power for safety reasons.
A Dutch company sued the Czech Republic because the Czech Republic didn't bail out a bank that the Dutch company partially owned.
Philip Morris is using ISDS right now to try to stop countries like Australia and Uruguay from implementing new rules that are intended to cut smoking rates because the new laws might eat into the tobacco giants profits.
Now what in bleeding hell does any of this have to do with selling wheat, apples or planes? If any of your Republican opposition were smart, theyd run against you on this issue and win. Lucky for you they probably arent.
Hoyt
(54,770 posts)agreements with the ISDS in it, as they have from 1959. Why? Because all those countries want to attract foreign investment, create jobs, and increase tax revenue.
eridani
(51,907 posts)The particulars are particularly shitty for TPP. The only people who favor it are whoring for corporations.
Hoyt
(54,770 posts)"people blame NAFTA for things caused by other factors."
snagglepuss
(12,704 posts)or Facebook UK that only paid $4000 in taxes last year in the UK. You probably paid more tax.
And exactly how many jobs have been created that haven't been outsourced overseas. No provision to keep any created jobs from being outsourced.
Hoyt
(54,770 posts)snagglepuss
(12,704 posts)wielding enormous political power? The grave problem of inordinate wealth and power in the hands of the few is a world wide phenomena. This tiny economic elite not only want to solidify their power but they want to dramatically lower the standard of living (ie destroy social safety nets) as well as dismantle environmental, health and work safety regulations in North America and Europe.
Hoyt
(54,770 posts)eridani
(51,907 posts)GReedDiamond
(5,310 posts)...does that mean, People are Corporations, too?
So therefore, individual citizens should qualify for all of the benefits of membership of this elite class of corporate 'mercans.
Right?!
Samantha
(9,314 posts)Each of us should incorporate. I have some things I do to earn money. It is not that difficult to incorporate through the State of Delaware. I just do not know because I have not looked what the requirements are.
But wouldn't that be a hoot if people did just start to incorporate and then our rights could not be trampled by this piece of trash. We then would not be considered an individual doormat.
Sam
WhaTHellsgoingonhere
(5,252 posts)and stop outsourcing.
FAIL
The only way to level the playing field is through tariffs. That is the only thing we control.
smirkymonkey
(63,221 posts)jwirr
(39,215 posts)gave away the right to change it in the TPA.
raouldukelives
(5,178 posts)Octafish
(55,745 posts)Especially Banks.