{"id":19395,"date":"2016-04-01T11:36:44","date_gmt":"2016-04-01T16:36:44","guid":{"rendered":"http:\/\/olduvai.ca\/?p=19395"},"modified":"2016-04-01T11:36:44","modified_gmt":"2016-04-01T16:36:44","slug":"tpp-worst-trade-deal-ever-says-nobel-winning-economist-joseph-stiglitz","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=19395","title":{"rendered":"TPP ‘worst trade deal ever,’ says Nobel-winning economist Joseph Stiglitz"},"content":{"rendered":"
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TPP ‘worst trade deal ever,’ says Nobel-winning economist Joseph Stiglitz<\/a><\/h3>\n<\/div>\n

Trans-Pacific Partnership should be redone to advance interests of citizens, not corporations, he says<\/strong><\/p>\n

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\"Media<\/p>\n
Nobel Prize-winning economist Joseph Stiglitz says the Trans-Pacific Partnership may well be the worst trade agreement ever negotiated, and he recommends Canada insist on reworking it.<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
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“I think what Canada should do is use its influence to begin a renegotiation of TPP to make it an agreement that advances the interests of Canadian citizens and not just the large corporations,” he said in an interview with CBC’s\u00a0The Exchange<\/a><\/em>\u00a0on Thursday.<\/p>\n

Stiglitz, a professor at Columbia University in New York, was a keynote speaker at a conference at the University of Ottawa on Friday about the complex trade deal.<\/p>\n

Stiglitz takes issue with the TPP’s investment-protection provisions, which he says could interfere with the ability of governments to regulate business or to move toward a low-carbon economy.<\/p>\n

Multinationals have right to sue<\/strong><\/p>\n

It’s the “worst part of agreement,” he says, because it allows large multinationals to sue the Canadian government.<\/p>\n

“It used to be the basic principle was\u00a0polluter pay,” Stiglitz said. “If you damaged the environment, then you have to pay. Now if you pass a regulation that restricts ability to pollute or does something about climate change, you could be sued and could pay billions of dollars.”<\/p>\n

There were similar provisions in North American Free Trade Agreement that led to the Canadian government being sued, but the TPP goes even further.<\/p>\n

He said the provision could be used to prevent raising of minimum wages or to overturn rules that prevent usury or predatory lending practices.<\/p>\n

Stiglitz argues the deal, which is a 6,000-page mammoth and extremely complex, should have been negotiated openly.<\/p>\n

“This deal was done in secret with corporate interests at the table,” he said.<\/p>\n

…click on the above link to read the rest of the article…<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

TPP ‘worst trade deal ever,’ says Nobel-winning economist Joseph Stiglitz Trans-Pacific Partnership should be redone to advance interests of citizens, not corporations, he says Nobel Prize-winning economist Joseph Stiglitz says the Trans-Pacific Partnership may well be the worst trade agreement ever negotiated, and he recommends Canada insist on reworking it. “I think what Canada should […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[3544,3000,460,804,805,808],"class_list":["post-19395","post","type-post","status-publish","format-standard","hentry","category-economics","tag-cbc","tag-cbc-news","tag-joseph-stiglitz","tag-tpp","tag-trade","tag-trans-pacific-partnership"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/19395","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19395"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/19395\/revisions"}],"predecessor-version":[{"id":19396,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/19395\/revisions\/19396"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19395"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19395"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19395"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}