TPP: Corporate Power Tool of the 1%
Have you heard? The Trans-Pacific Partnership (TPP) “free trade” agreement is a stealthy policy being pressed by corporate America, a dream of the 1 percent, that in one blow could:
- offshore millions of American jobs,
- free the banksters from oversight,
- ban Buy America policies needed to create green jobs and rebuild our economy,
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- decrease access to medicine,
- flood the U.S. with unsafe food and products,
- and empower corporations to attack our environmental and health safeguards.
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Closed-door talks are on-going between the U.S. and Australia, Brunei, Chile, New Zealand, Peru, Singapore, Malaysia and Vietnam; with countries like Japan and China potentially joining later. 600 corporate advisors have access to the text, while the public, Members of Congress, journalists, and civil society are excluded. And so far what we know about what's in there is very scary!
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Read how foreign corporations would be empowered to attack our health, environmental and other laws before foreign tribunals to demand taxpayer compensation for policies they think undermine their expected future profits.
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U.S. negotiators are pushing the agenda of Big PhaRMA – longer monopoly control on drugs for the big firms. This would mean millions in developing countries are cut off from life-saving medicines & higher prices for the rest of us.
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Read how special investor protections incentivize offshoring by providing special benefits for companies that leave. Plus, TPP would impose limits on how our elected officials can use tax dollars – banning Buy America or Buy Local preferences.
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TPP would require us to import food that does not meet U.S. safety standards. It would limit food labeling.
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Thought SOPA was bad? Read how TPP would require internet service providers to "police" user-activity and treat individual violators as large-scale for-profit violators. Plus, TPP would stifle innovation.
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TPP would rollback reregulation of Wall Street. It would prohibit bans on risky financial services and undermine "too big to fail" regulations.
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Worldwide Campaign to Release the Text
Read more letters from international civil-society:
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Read more statements and letters here .
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Read more in our TPP Resource Archive