Sunday, May 24, 2015
As opponents and advocates of the Trans-Pacific Partnership (TPP) continue to battle it out, the debate over the agreement has largely focused on the issue of trade – whether jobs will be lost or gained, what the agreement will do to our trade deficit, and other related matters.
It's worth pointing out that the United States already trades heavily with the other 11 nations included in the TPP talks. As Paul Krugman says , “this is not a trade agreement. It's about intellectual property and dispute settlement; the big beneficiaries are likely to be pharma companies and firms that want to sue governments.” Senator Elizabeth Warren (D-MA) has been particularly critical of the so-called Investor State Dispute Settlement provisions , which would empower corporations to use international courts to sue the U.S. government and others who are enacting regulations and protections that harm their profits.
Posted by Dictynna at 9:50 AM