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Faith in Big Trade Deals Keeps Crumbling

Faith in Big Trade Deals Keeps Crumbling

Are we witnessing the beginning of the end of globalization?

French trade minister Matthias Fekl

‘Bad deal’: French trade minister Matthias Fekl said his country is likely to drop TTIP talks after leaks that US wants lower labour and environmental standards.

At the height of the battle over the Canada-US Free Trade Agreement in the 1980s, full page ads promised the deal would bring “more jobs, better jobs.”

The ads were expensive, but easily afforded by Canada’s 160 largest public corporations, who paid for them as the Business Council on National Issues.

The ad blitz was intended counter the effective campaign by opponents who warned Canadians that tens of thousands of manufacturing jobs would be lost.

Opponents won the battle for hearts and minds but lost the 1988 election on the issue, thus making Canada and the US “free trade” guinea pigs.

Hundreds of such deals have been signed since, in spite of the fact that the critics were right. Canada lost some 334,000 jobs between 1988 and 1994 as a direct result. Still, since 1988, the promoters of these investment protection agreements have held sway in large part because of massive support by corporate media.

Now, three decades later, citizens around the world are waking up and asking: just whom do governments govern for?

Battlegrounds in US and Europe

That question is being raised loudly in the E.U. and the U.S. In those two powerhouse economies, opposition to such deals could save us from more of them. On the line specifically are the Trans Pacific Partnership (TPP) and Canada’s proposed deal with the E.U., the Comprehensive Economic and Trade Agreement (CETA). If the U.S.-E.U. deal (the Transatlantic Trade and Investment Partnership – TTIP) fails CETA is unlikely to survive.

So-called trade deals empower transnational corporations by radically compromising the nation-state’s capacity for democratic governance.

…click on the above link to read the rest of the article…

 

Don’t Give a Damn About the TPP? You’re Going to Wish It Gave a Damn About You.

Don’t Give a Damn About the TPP? You’re Going to Wish It Gave a Damn About You.

1. Who’s in the Super Bowl?

2. Who should be president next year?

3. What was just signed in New Zealand that, if ratified, will let corporations overturn U.S. laws, speed up the destruction of the environment, outsource jobs, encourage slavery, eliminate food safety standards, make medicine cost even more, censor and restrict the internet, impede reform of Wall Street, and make those 20 people who own as much as half the country even richer at your expense?

This is a clear-cut case where Meatloaf is just wrong. Two out of three really is bad.

TPPA c2331

Former U.S. Trade Representative Ron Kirk, and others who had seen all or part of the text of the Trans-Pacific Partnership, used to say that just making it public would stop it dead. But that depends on a number of factors, I think. The TPP has now been made public. Twelve nations have just gone ahead and signed it. And their hope is to see their governments ratify it during the next two years.

The destruction wreaked by NAFTA can be seen in thousands of hollowed out towns across the United States, if you trust the bridges to get you there and are willing to risk drinking the water. But public discussion of NAFTA’s impact is not a popular topic in the corporate media, consolidated post-NAFTA and worsened ever since.

The 1993 corporate media debate over whether or not to create NAFTA looks bizarre to us today. You can go back and watch Vice President Al Gore (pro-NAFTA) debate wealthy crank Ross Perot (anti-NAFTA) on television.

…click on the above link to read the rest of the article…

Global Corporatocracy’s Unborn Baby Just Got A Lot Bigger

Global Corporatocracy’s Unborn Baby Just Got A Lot Bigger

The Trans-Pacific Partnership is not yet fully alive: the agreement has been signed but still needs to be ratified by the governments of its signatory nations. Nonetheless, the corporatocracy’s unborn baby is growing at a startling rate.

Last week, the agreement boasted a grand total of 12 signatories (the United States, Japan, Canada, Mexico, Peru, Chile, Australia, New Zealand, the Philippines, Brunei, Malaysia and Singapore) with a combined population of 800 million people. This week that number rose to 13 after Indonesia’s President Joko Widodo told U.S. President Barack Obama that the country he represents also wants a piece of the action.

“Indonesia is an open economy and with a population of 250 million, we are the largest economy in Southeast Asia. Indonesia intends to join the TPP,” Widodo said on Monday after meeting Obama in the White House.

If Indonesia does sign the agreement, it will bring the combined population of the TPP-bloc to over one billion people, not far off the population of the country the trade agreement was originally devised to encircle and corral — i.e., China (pop: 1.357 billion). The TPP bloc will also represent over 40% of the global economy.

Everyone But China?

The basic proposition behind TPP is disarmingly simple: either China joins or it will be isolated. This isolation would progress: first from its own back yard through the TPP and the Pentagon’s “Asian Pivot,” then from the West (through the TTIP and TISA), and ultimately from the rest of the global economy.

Such isolation could be ruinous, not only for China but the U.S, too. China and the U.S., when it comes to trade, are joined at the hip. China is the US’s most important trading partner. It has an enormous trade surplus with the US. If anything came in between Chinese exports to the US, China’s economy would collapse (and the US economy would grind to a halt).

…click on the above link to read the rest of the article…

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