The Trans-Pacific Partnership is a proposed trade agreement between 12 “member” countries: Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, The U.S., and Vietnam.
There have been complaints that the agreement will benefit the wealthy and corporations at the expense of the average person.
Wikipedia states that economist Joseph Stiglitz, organized labor, and The Economic Policy Institute and the Center for Economic and Policy Research argued that the TPP could benefit the wealthy but result in further job losses and declining wages.
“In December 2013, 151 House Democrats signed a letter written by Rosa DeLauro (D-CT) and George Miller (D-CA), which opposed the fast track trade promotion authority for the TPP. Several House Republicans opposed the measure on the grounds that it empowered the executive branch. In January 2014, House Democrats refused to put forward a co-sponsor for the legislation, hampering the bill’s prospects for passage.”
Noam Chomsky, Senator Bernie Sanders, economist Paul Krugman, and economist Robert Reich have all complained that the TPP would lower wages for average people and help the wealthy become richer.
According to sources, the trade agreement has also largely been negotiated in secret. According to Wikipedia, Senator Ron Wyden, Elizabeth Warren, and Representative Alan Grayson have all complained about the level of secrecy surrounding the negotiations.
Secular Talk looks at the reasons why the media is ignoring the issue.
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