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Who is writing the TPP?
Key Excerpts from Article on Website of Boston Globe
Posted: May 31st, 2015
http://www.bostonglobe.com/opinion/2015/05/11/elizabeth-warr...
Congress is in an intense debate over trade bills that will shape the course of the US economy for decades. Modern trade agreements are often less about trade and more about giant multinational corporations finding new ways to rig the economic system to benefit themselves. The president argues that the TPP is about who will write the rules for 40 percent of the worlds economy the United States or China. But who is writing the TPP? The text has been classified and the public isnt permitted to see it, but 28 trade advisory committees have been intimately involved in the negotiations. Of the 566 committee members, 480, or 85 percent, are senior corporate executives or representatives from industry lobbying groups. Many of the advisory committees are made up entirely of industry representatives. A rigged process leads to a rigged outcome. By definition, massive trade deals like the TPP override domestic laws written, debated, and passed by Congress. Treasury Secretary Jack Lew has testified before Congress that trade negotiations involve pressure to lower standards on financial regulations and other public interest laws, and that President Obama has resisted that pressure. But Obama will soon leave office, and he cannot bind a future president. This legislation risks giving a future president a powerful tool to undermine public interest regulations under the guise of promoting commerce.
Note: US senator Elizabeth Warren and US representative Rosa DeLauro wrote the above article, which further clarifies why the Trans-Pacific Partnership may be a pending disaster. For more along these lines, see concise summaries of deeply revealing news articles about corruption in government and in the corporate world.
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