Global Corporate Elite collaborating on new trade agreement: Trans-Pacific Partnership
Public Citizen is organizing a campaign to both educate and resist a new trade policy that would benefit the global 1%.
It is the dream of the 1%. With 600 U.S. corporations as officials advisors, this stealthy international agreement has been negotiated behind closed doors over the past two years – with talks heading to Dallas in May.
What would TPP mean for the 99%?
Millions more American jobs off-shored. Backdoor deregulation for financial firms to wreck the economy again. Floods of unsafe food and products. Higher medicine prices. A ban on Buy America policies needed to create green jobs and rebuild our economy. Foreign corporations empowered to attack our environmental and health policies in foreign tribunals.
Closed-door talks are on-going between the U.S. and Australia, Brunei, Chile, New Zealand, Peru, Singapore, Malaysia and Vietnam; with countries like Japan and China potentially joining later. The 600 corporate advisors have access to the draft text of this deal that could change all of our lives. The public, Members of Congress, journalists, and civil society are excluded.
Read how foreign corporations would be empowered to attack U.S. health, land use, environmental, and other laws before tribunals of three corporate lawyers operating under World Bank or UN rules to demand taxpayer compensation for policies they think undermine their expected future profits. (Already $350 million has been paid to corporations under NAFTA’s version of this crazy system.)
Special investor protections take away the risk of offshoring jobs to low-wage countries and in fact incentivize offshoring by providing special benefits for companies that leave. Plus, TPP would impose limits on how our elected officials can use tax dollars – banning Buy America or Buy Local preferences when government buy goods and services.
TPP would require us to import food that does not meet U.S. safety standards. It would limit food labeling.
Thought SOPA was bad? Read how TPP would require internet service providers to “police” user-activity and treat individual violators as large-scale for-profit violators. Plus, TPP would stifle innovation.
TPP would rollback reregulation of Wall Street. It would prohibit bans on risky financial services and undermine “too big to fail” regulations.
Disgustingly, U.S. negotiators at TPP are pushing the agenda of Big PhaRMA – longer monopoly control on drugs for the big firms and higher prices for us. These proposals would mean millions in developing countries are cut off from life-saving medicines and higher prices for those of us in rich countries.
For right now Public Citizen is calling on people to sign a petition, but clearly if this trade agreement moves forward it will need to be resisted with more than electronic opposition.
Lastly, Public Citizen has put together a catchy little video to illustrate what is so dangerous about TPP.