Saturday, October 31, 2015

The Grim Politics of the TPP

Myths and Realities of the Trans-Pacific Partnership from the National Interest
"One problem regarding the politics of free trade accords is that there are always winners and losers, even if the result is a net gain for a nation’s economy. The losers generally know who they are and mobilize in opposition, but who the winners will be tends to be less clear."
The politics of the TPP are tough.  In my view, the TPP is much more about the US retaining global economic advantages for the foreseeable future ... or surrendering really soon those advantages to the trade pact the Chinese were trying to organize around the Pacific rim, one that disadvantaged the US BIG TIME!  The US was facing a take-it-or-leave-it circumstance as the Chinese were closing in on securing their deal with most of the major countries in the Pacific, excluding the US.  The TPP has all the same players sans the Chinese.  Is the TPP a bad deal for US workers? Probably.  But it's nothing compared to how bad the Chinese deal would have been for US workers. -- Nuggetsman

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