“We will not negotiate bilateral trade agreements that stop the government from protecting the environment, food safety, or the health of its citizens; give greater rights to foreign investors than to U.S. investors; require the privatization of our vital public services; or prevent developing country governments from adopting humanitarian licensing policies to improve access to life-saving medications,” – Barack Obama 2008 campaign speech.
You probably are wondering why I started with that quote from President Obama. Remember the famous trade agreement that was regarded as Bill Clinton’s crowning glory? Enter TPP.
Huh? Gotcha with that one didn’t I?
The Trans Pacific Partnership is everything that we love from the Obama Administration: 1) it kills jobs; 2) it’s conducted in secret; and 3) it hands over US sovereignty to the highest bidder. This is a trade deal which includes Australia, Brunei, Chile, Canada (the Canucks had to make concessions that are secret), Malaysia, Mexico, New Zealand, Peru, Singapore, the United States, and Vietnam (with China in the works).
The Trans Pacific Partnership is a trade agreement that has been negotiated in secret for the past three years.
I hate to sound like to sound like a conspiracy theorist, but every single the conspiracy theory I’ve read about Mr. Obama claims that he has done everything to prove he is the world’s leader. They say he will be a friend to as many banks that will take a US Treasury Check. He will take care of whichever multinational that will write a check.
And Obama is actively on a quest to find (he’ll create one if he has to) a legal system that nullifies any Constitutional protections that US citizens dreamed may still exist. If that’s the litmus test to conspiracy theory, and if I could put a name on the aforementioned theory, I would call it, The Trans Pacific Partnership.
The TPP forms an entity called The Investor State.
Through the TPP, a foreign corporation operating inside the US has the ability to circumvent our laws and gives international tribunals the power to enforce rulings and issue penalties for failure to comply. I have just a “tad” bit more faith in our legal system than a tribunal. Those penalties would become obligations of the federal government.
Oh yeah did I mention the pool of judges will come from rotating corporate attorneys from the various member nations. Anyone see a potential “moral hazard”?
Those same foreign corporations (that have the ABSOLUTE best and brightest corporate legal minds that money can buy) have the freedom to sue member governments if they feel the laws OR policies of a member country appear restrictive or unfair. Though the agreement has not officially been signed (it may be, who knows the entire agreement has been negotiated thus far by the transparent Obama Administration) negotiations have been going on for at least 2 years.
Let’s look at an example of how the Investor State (multinational corporations) would seek relief from a member country: Ethyl Corporation v. Canada.
Ethyl Corporation wanted to manufacture an additive MMT in Canada. Canada, a sovereign nation, chose to ban this additive which contained manganese, an ingredient known to produce serious neurological issues which sometimes resulted in death. Unfortunately, Canada was forced to remove their ban on MMT AND pay a settlement of $19 million dollars, AND issue a statement that MMT is neither a health nor a risk to the environment.
I cringe at the thought of a Chinese company suing our government arguing our child labor laws were unfair and placed the company at a disadvantage. The potential wind-fall for global corporatism makes too big to fail look like a baloney sandwich. Can you tell I’m upset?
The TPP removes any potential access generic pharmaceutical companies would have to manufacture cost effective alternative options. That’s anti–free market.
There are SOOOOOO many things that are wrong with the TPP. I can feel my blood pressure rise with my every breath.
Will all of this being said, if there is ONE THING that you should take from this, it’s that the Trans Pacific Partnership will hand over the sovereignty of our country to multinational companies with a fast track to handing over our public policy decisions that are made through a somewhat democratic process.