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

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:

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.

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

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.

“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.

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?