The full nature of the Trans Pacific Partnership (TPP) is just coming to light. It doesn’t look good for us.
The TPP was sold as “free trade.” It is not. It is very managed trade, managed in the interests of established companies. There’s even a provision in the agreement reiterating the legitimacy of “state owned enterprises” in a presumed nod to Vietnam.
Ultimately, the TPP is a complex series of rules and regulations intended to manage the economic relations between the 12 nations party to the agreement. And its meticulous design serves to benefit each country’s “national champion” companies and industries, with the big winners in the U.S. being the major Wall Street banks, insurance companies, and multinational manufacturer-outsourcers.
One big example of this complex hypocrisy: The TPP has, in addition to 30 main chapters, a total of 58 side agreements (called “side letters.”) And Japan alone possesses 14 of these side letters, with each one laying out special conditions for Japanese participation and special deals for Japanese economic sectors. Free trade? Hardly!
Republicans allegedly hate regulatory regimes — but apparently are okay with them if they are done on an international scale under the rubric of free trade. What’s wrong with this picture and party?