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The Death of the Toxic Trade Deal TPP Was Long Overdue - But Don’t Praise Trump for It


#1

The Death of the Toxic Trade Deal TPP Was Long Overdue - But Don’t Praise Trump for It

Nick Dearden

It’s good news that the Trans Pacific Partnership (TPP) is dead. In fact, the toxic deal – a pacific version of US-EU deal TTIP – was already dead before Trump took office. Popular pressure from trade unions and campaign groups in the US and elsewhere had killed it. Even free-trader Hillary Clinton turned against it during her campaign. So let’s not thank Trump for something which campaigners defeated.

More than that, don’t assume Trump even remotely shares our vision on trade. Yesterday, Senator Bernie Saunders said:


#2

It's important to recognize the work of hundreds of organizations and millions of people worldwide who organized against the pathetic TPP. That activity stalled the TPP in Congress, effectively killing it. Give the devil his due though; Trump put the final nail in the coffin, but as Dearden suggests, not because it was a bad deal. His actions were purely self-motivated, and it worked out this time for We the People. Remember this serendipitous turn of events, as it is likely the last time, and maybe the only time, Trump will end up on the right side of history.


#3

OHHH! The big bad boogieman TPP is dead. Maybe this is OK. Poor people in other nations would have been harmed (some by an early death), but now China will take up the slack and they will benefit and the US will lose. It's funny how much people on both the left and right KNOW, they just KNOW that all trade deals are baaaaadddd. Giant sucking sounds and all that. What they do not realize is just how many of those lost jobs would have been lost without any trade deals. They forget how much we benefit from foreign trade. The best article I have ever seen about this is here: http://www.vox.com/the-big-idea/2017/1/24/14363148/trade-deals-nafta-wto-china-job-loss-trump


#4

As long as Baker and many CD posters continue to characterize TPP and other regulatory capture schemes as "trade deals", the 1% will keep winning at the expense of the 99%. 6 chapters of TPP addressed trade while 24 chapters addressed judicial transfer from governments to corporations.

More than three decades of an endless stream of alternative facts, blaming the victims and revisionist history spawned by Saint Ron's revolution and the formation of the Democratic Leadership Council (DLC) contributed to Trump's 2016 win. Continuing those failed strategies will assure a second Trump term and ongoing GOP control.


#5

"Regulatory capture" is simply a fact of life. We must always try to mitigate the worst effects, but we must also remember that it will always be with us.


#6

Dearden sez: " ... many corporate stocks – fossil fuels, pharmaceuticals, big finance – rose in the wake of (Trump's) election. When you figure in the deregulation promised for many of those businesses, some of these corporations will do very well from Trump."

Whew, just in the nick of time. Those corporations must have been knocking at death's door under Trump's predecessor, eh?


#8

The basic premise of this article is fallacious. Yet another person in the mass media who refuses to give Donald Trump credit for ANYTHING. It is likely Trump won't do much that people on the left will consider good. But he does get credit for this. The writer offers us the lie that Hillary Clinton opposed the TPP. Not true. She lied about turning against the TPP for one reason -- she was running for President and she knew most Democratic primary voters opposed the TPP. Are any of you shocked at the idea Clinton will voice a change of position in the midst of a political campaign? In the process of telling that lie (she was now against the TPP) she had to tell three other lies to buttress that lie. But she gave herself away in the fight over the democratic Party platform. Bernie Sanders' delegates knew a plank in the platform opposing the TPP outright would go down, so they proposed a plank that simply urged president Obama not to present the TPP for ratification during the lame duck session. But Clinton wanted the TPP ratified before she took office so she could happily implement it while ducking blame for it. Then she would have continued negotiations on the TTIP and the TISA (look 'em up) and use the fast-track authority Obama got established to get them ratified. With all three in place, the U.S. (indeed, ALL the well-established democracies) would have imposed on them a comprehensive oligarchic system which would have wielded extensive authority over Americans' ability to be self-governing. These are facts. Had Clinton won the election, this would have become our reality. Because Donald Trump was elected, these "treaties of oligarchy" are dead. And we have President Trump to thank for it. This may be just about the only thing for which we on the left may thank Trump over the next four years. But we can and should thank him for this.
Some are bemoaning the fact that Australia has proposed that China can take our place in the treaty. This makes me laugh. One purpose of the TPP was to neutralize China's economic power in the Pacific rim. So now they might instead enhance China's power? Yeah, right. Let's say they do. Remember that "giant sucking sound" we were warned about with NAFTA? Turned out Ross Perot was right. So imagine the giant sucking sound we will hear as millions of jobs in Australia and Japan go to China and their miserably low-paid workers. Go ahead, Australia and Japan, and give your jobs away to China.