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Why the Trans-Pacific Partnership is a pending disaster

TPP sign

TPP sign

Republicans, who now run Congress, say they want to cooperate with President Barack Obama and point to the administration’s Trans-Pacific Partnership, or TPP, as the model. The only problem is that the TPP would be a disaster.

The TPP is a Trojan horse in a global race to the bottom, giving big corporations and Wall Street banks a way to eliminate any and all laws and regulations that get in the way of their profits.

At a time when corporate profits are at record highs and the real median wage is lower than it’s been in four decades, most Americans need protection — not from international trade but from the political power of large corporations and Wall Street.

The Trans-Pacific Partnership is the wrong remedy to the wrong problem. Any way you look at it, it’s just plain wrong.

Read the rest by Robert Reich

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