Corporate Big Brother will be in charge if TPP becomes law. Transnational Corporations will dis-empower national governments. All of our lives will be cheap, in the pursuit of short term corporate profit.
It would create a virtually permanent corporate rule over the people.
What if ... communities across America had to eliminate such local programs as Buy Local, Buy American, Buy Green, etc. to allow foreign corporations to have the right to make the sale on any products purchased with our tax dollars? This nullification of our people's right to direct expenditures is just one of the horror stories in the Trans-Pacific Partnership (TPP).
Of the 29 chapters in this document, only five cover traditional trade matters! The other chapters amount to a devilish "partnership" for corporate protectionism:
—Food safety. Any of our government's food safety regulations (on pesticide levels, bacterial contamination, fecal exposure, toxic additives, etc.) and food labeling laws (organic, country-of-origin, animal-welfare approved, GMO-free, etc.) that are stricter than "international standards" could be ruled as "illegal trade barriers."
—Fracking. Our Department of Energy would lose its authority to regulate exports of natural gas to any TPP nation. This would create an explosion of the destructive fracking process across our land, for both foreign and U.S. corporations could export fracked gas from America to member nations without any DOE review of the environmental and economic impacts on local communities -- or on our national interests.
—Jobs. US corporations would get special foreign-investor protections to limit the cost and risk of relocating their factories to low-wage nations that sign onto this agreement. So, an American corporation thinking about moving a factory would know it is guaranteed a sweetheart deal if it moves operations to a TPP nation like Vietnam. This would be an incentive for corporate chieftains to export more of our middle-class jobs.
—Drug prices. Big Pharma would be given more years of monopoly pricing on each of their patents and be empowered to block distribution of cheaper generic drugs. Besides artificially keeping everyone's prices high, this would be a death sentence to many people suffering from cancer, HIV, AIDS, tuberculosis and other treatable diseases in impoverished lands.
—Banksters. Wall Street and the financial giants in other TPP countries would make out like bandits. The deal explicitly prohibits transaction taxes (such as the proposed Robin Hood Tax here) that would shut down speculators who have repeatedly triggered financial crises and economic crashes around the world. It restricts "firewall" reforms that separate consumer banking from risky investment banking. It could roll back reforms that governments adopted to fix the extreme bank-deregulation regimen that caused Wall Street's 2007 crash. And it provides an escape from national rules that would limit the size of "too-big-to-fail" behemoths.
—Internet freedom. Corporations hoping to lock up and monopolize the Internet failed in Congress last year to pass their repressive "Stop Online Piracy Act." However, they've slipped SOPA's most pernicious provisions into TPP. The deal would also transform Internet service providers into a private, Big Brother police force, empowered to monitor our "user activity," arbitrarily take down our content and cut off our access to the Internet. To top that off, consumers could be assessed mandatory fines for something as benign as sending your mom a recipe you got off of a paid site. [emphasis mine]
A historical look at trade agreements I hope you find interesting:
TPP is incompatible with the rule of law warns Trade expert Gus Van Harten.
In a report authored by trade expert Gus Van Harten, the Investor-State Dispute Settlement, ISDS, one of the most contentious provisions in the already-agreed TPP, would allow foreign investors to use private tribunals to demand compensation for government actions that affect corporate profits.
“The TPP’s arbitration process to protect foreign investors contradicts basic principles of judicial independence and fair process. For this reason, it is not compatible with the rule of law,” the report argues.
The publication titled, “Foreign investor protections in the Trans-Pacific Partnership,” argues that the TPP would enable powerful corporations to use the ISDS system to demand financial compensation over “policies they don’t like” such as environmental protection and financial regulation.
The study goes on to note that ISDS takes place in “unaccountable legal tribunals”—which lack judicial safeguards and transparency measures...
“The arbitrators would not be accountable like a legislature. They would not be capable of regulating like a government. They would not be independent or fair like a court,” the report states. [emphasis mine, order changed]