[update below] [2nd update below] [3rd update below]
The TPP. Any idea of what that is? Most likely not. I hardly knew myself until today, and I like to think that I’m well-informed on international affairs. It’s the Trans-Pacific Partnership, the free trade agreement the Obama administration is presently negotiating below the radar screen with several Asian and Latin American countries (map below). And it is very important. So important for the business interests that are driving it—and of the governments doing their bidding—that, from their standpoint, it best be kept way below that public radar screen. The redoubtable Lori Wallach of Public Citizen, who has been organizing around trade and globalization issues since the ’90s, explains what’s at stake with the TPP in this Democracy Now! interview. It will take 14-minutes of your time to watch it (it starts at the 13th minute) but is well worth it if you’re a citizen of any of the countries involved. So please watch it now.
Re Lori Wallach: Talk about being well-spoken and having your facts and arguments down cold. I would dread being on the opposing side of a debate with her. For more by Wallach on the TPP, see the article she wrote last year in The Nation, “NAFTA on steroids.” The lede: “The Trans-Pacific Partnership, which would grant enormous new powers to corporations, is a massive assault on democracy.” If Wallach’s characterization of the TPP is at all accurate—and I have no reason to believe that it’s not—, it represents, at the very least, a significant, European Union-like transfer of national sovereignty to a supranational entity. Except that, unlike the EU—until the enlargements of the past decade plus Greece—, the TPP involves countries with vastly different standards of living, political institutions, systems of governance, and economic legislation (labor, consumer, etc), to name a few, but without any EU-type supranational institution (commission, parliament, council, court) and absent any pretense of democratic accountability. Moreover, one has a hard time imagining what benefits could accrue to significant numbers of citizens in the countries involved, and particularly the United States. This thing needs to be stopped, and beginning with Congress refusing fast-track authority to President Obama. NAFTA, which I was all for twenty years ago, turned out to be a mistake. The TPP will definitely be a mistake and a much bigger one.
UPDATE: Paul Krugman has a post (December 12th) on his blog on why he doesn’t think the TPP is a big deal. Dean Baker explains on his blog why his friend Paul is in error on this, that the TPP is indeed a big—and bad—deal.
2nd UPDATE: Joseph Stiglitz has a must read article on the TPP, “On the wrong side of globalization,” on the NYT op-ed page. (March 15, 2014)
3rd UPDATE: Robert Reich, in a pedagogical video just shy of 2½ minutes in length, explains “The worst trade deal you’ve never heard of: The story of the Trans-Pacific Partnership.” (January 29, 2015)