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New Zealand release full text of Trans-Pacific Partnership

Discussion in 'Sports and News' started by Songbird, Nov 10, 2015.

  1. Songbird

    Songbird Well-Known Member

    Apparently this is a shocking move under the umbrella of full transparency when the process has been super secret for the last 6 years. I've tried to follow the controversy because it's supposedly the boogeymen of of free trade partnerships, or "NAFTA on steroids".

    With that, I'd love if Ragu or someone else with working knowledge can break down why it's good or why it's bad or if the entire hullabaloo is just hot smoke.

    This has 30 chapters and thousands of pages: http://www.tpp.mfat.govt.nz/text
  2. poindexter

    poindexter Well-Known Member

  3. Riptide

    Riptide Well-Known Member

    I read this earlier today. Written by a former reporter (had some issues, though) who now is an activist and also a self-described socialist. So your mileage may vary. But he paints a pretty scary picture, and it will probably be a hot debate.

    Chris Hedges: TPP Is the Most Brazen
    Corporate Power Grab in American History

    These three agreements solidify the creeping corporate coup d’état along with the final evisceration of national sovereignty. Citizens will be forced to give up control of their destiny and will be stripped of the ability to protect themselves from corporate predators, safeguard the ecosystem and find redress and justice in our now anemic and often dysfunctional democratic institutions. The agreements—filled with jargon, convoluted technical, trade and financial terms, legalese, fine print and obtuse phrasing—can be summed up in two words: corporate enslavement.

    The TPP removes legislative authority from Congress and the White House on a range of issues. Judicial power is often surrendered to three-person trade tribunals in which only corporations are permitted to sue. Workers, environmental and advocacy groups and labor unions are blocked from seeking redress in the proposed tribunals. The rights of corporations become sacrosanct. The rights of citizens are abolished.

    If there is no sustained popular uprising to prevent the passage of the TPP in Congress this spring we will be shackled by corporate power. Wages will decline. Working conditions will deteriorate. Unemployment will rise. Our few remaining rights will be revoked. The assault on the ecosystem will be accelerated. Banks and global speculation will be beyond oversight or control. Food safety standards and regulations will be jettisoned. Public services ranging from Medicare and Medicaid to the post office and public education will be abolished or dramatically slashed and taken over by for-profit corporations. Prices for basic commodities, including pharmaceuticals, will skyrocket. Social assistance programs will be drastically scaled back or terminated. And countries that have public health care systems, such as Canada and Australia, that are in the agreement will probably see their public health systems collapse under corporate assault. Corporations will be empowered to hold a wide variety of patents, including over plants and animals, turning basic necessities and the natural world into marketable products. And, just to make sure corporations extract every pound of flesh, any public law interpreted by corporations as impeding projected profit, even a law designed to protect the environment or consumers, will be subject to challenge in an entity called the investor-state dispute settlement (ISDS) section. The ISDS, bolstered and expanded under the TPP, will see corporations paid massive sums in compensation from offending governments for impeding their “right” to further swell their bank accounts. Corporate profit effectively will replace the common good.

  4. doctorquant

    doctorquant Well-Known Member

    A better agreement could certainly be hammered out. It would read as follows: There shall be free trade between the United States and Xxxxxxx.
    YankeeFan likes this.
  5. Elliotte Friedman

    Elliotte Friedman Moderator Staff Member

  6. The Big Ragu

    The Big Ragu Moderator Staff Member

    Jesus. Don't bring me into this. I don't have "working knowledge" of this.

    All I know is that an actual "free trade" agreement would look nothing like this (or like NAFTA). You could do an actual free trade agreement on a matchbook cover.
  7. Songbird

    Songbird Well-Known Member

    I said if you anything about it, as well as if anyone had a deep knowledge of it. Separate. Sorry to ruffle your feathers.
  8. The Big Ragu

    The Big Ragu Moderator Staff Member

    You didn't bug me. These "free trade" boondoggles do, though. That is what I was reacting to. ... I hate the perversion of language. They take something that confines trade (even if it confines it differently than in the past) and call it a "free trade agreement." As if calling it what it isn't changes what it actually is.

    Free trade would mean the opposite of what is in that document. It means you don't have some centralized authority negotiating how individuals have to transact. It means that individuals are free to trade WITHOUT a centralized authority setting the terms of their private business. Otherwise, you have something corrupt and complicated and that is anything except free.
    doctorquant likes this.
  9. sgreenwell

    sgreenwell Well-Known Member

    NPR's Planet Money did a show on it last week - It sounds like it's a document that can be read either as the New World Order further carving up the plebs' shares as their own, or as governments trying to do their best, in their clumsy bureaucratic way, with balancing trade. IIRC, the big thing that America "got" in the agreement was the extension of copyright for another 20 years.
  10. doctorquant

    doctorquant Well-Known Member

    These monstrosities really ought to be called Less Unfree Trade agreements.
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