Some quotes about TPP
It’s designed to carry forward the neoliberal project to maximize profit and domination, and to set the working people in the world in competition with one another so as to lower wages to increase insecurity” -- Noam Chomsky
"I'm not against trade...but they're not really trade deals. They're really investment deals between international corporations...They're saying we want to get a race to the bottom so we can exploit the most unfortunate worker." ~ Rep. Keith Ellison
"During the 1999 debate over Permanent Normal Trade Relations with China President Bill Clinton said, 'In opening the economy of China, the agreement will create unprecedented opportunities for American farmers, workers and companies to compete successfully in China's market. WRONG: Our trade deficit with China has increased from $83 billion in 2001 to a record breaking $342 billion in 2014." ~ Sen. Bernie Sander
"Trickle-down economics is a myth. Enriching corporations — as the TPP would — will not necessarily help those in the middle, let alone those at the bottom."
~ Joseph Stiglitz
(Nobel Prize-winning Economist)
Right now, there are trade proposals in the works that threaten to put most Americans on the wrong side of globalization.
There is a real risk that it will benefit the wealthiest sliver of the American and global elite at the expense of everyone else. The fact that such a plan is under consideration at all is testament to how deeply inequality reverberates through our economic policies.
...agreements like the TPP are only one aspect of a larger problem: our gross mismanagement of globalization.
Given that the president himself has emphasized that inequality should be the country’s top priority, every new policy, program or law should be examined from the perspective of its impact on inequality. Agreements like the TPP have contributed in important ways to this inequality. Corporations may profit, and it is even possible, though far from assured, that gross domestic product as conventionally measured will increase. But the well-being of ordinary citizens is likely to take a hit.
It’s much worse than a blank check about trade, because the trade agreement has provisions that would affect a whole set of regulations that would affect the environment, worker safety, consumer safety and even the economy...would not only become the law of the land, but every other law would have to adapt to it ... and our Congress would have given up all authority in those areas.
~ Joseph Stiglitz
(Nobel Prize-winning Economist)
RIP middle class