2016 Postmortem
Related: About this forumTPP is detrimental
Listen to Obama talk now...
We are not living in the 80's. Globalization is here to stay. Bernie is wrong on TPP. This is not just about jobs, it's about national security.
unitedwethrive
(1,997 posts)fun n serious
(4,451 posts)Last edited Tue Aug 2, 2016, 02:18 PM - Edit history (1)
We fear trade due to the loss of jobs other trade deals have brought.. We are not living in those days an dwe never again will. TPP in essential and we should debate it here at DU.
Armstead
(47,803 posts)And the brand of "free trade" agreements that the TPP represents are scams that have been imposed by the wealthy and powerful corporate interests to enrich the ruling elites, usurp democracy, override civil law and supercede the domestic economic interests of nations.
No thanks. We don't need to keep repeating the same mistakes.
democrattotheend
(11,607 posts)I read the section on labor protections, and my biggest concerns are:
1. While it requires that workers be paid the applicable minimum wage in their country, the applicable minimum wage in some of the TPP countries is significantly lower than in the US, so there is still an incentive to outsource jobs.
2. Enforcement depends on the US government being willing to go to bat against a corporation that violates minimum wage, safety standards, or other standards abroad. I don't necessarily trust that the government will always do so as it should.
NWCorona
(8,541 posts)The last I checked, Hillary and now Kaine, are against TPP and I gladly side with them on this.
fun n serious
(4,451 posts)This is nationalism and protectionalism at its finest. I side with the President. We live in a globalized world and it is NOT going back.
TheBlackAdder
(28,216 posts).
The difference between US business and China is that China acts as a collective state.
When they move into a country, they don't hire locals for their factories, they bring in labor from the mainland.
NAFTA, while nicely premised with good intentions, has caused 7 Central & South American countries to become chief trading partners with China and 6 more nations are about to shift the bulk of their import-exports from the US to China within the next 5-7 years.
China acts as a mercantile nation. They are not bound by the job, financial, and social constructs of NAFTA.
They move into a country and say, deal with us and we won't hold you to the same standards that NAFTA nations do.
They then pay people lesser wages and make 10-20 year or more contracts for guaranteed raw materials that China needs to produce its goods for the world. This completely undercuts NAFTA's goals. Then, China sells those finished goods to the same countries below the costs locals or other imports can provide them. This puts locals out of work. Since they have less money, they become even more dependent on Chinese goods.
(This is the same shit that Wal*Mart does. They move into an area, sell their goods lower than other Wal*Mart stores to undercut and drive local businesses out of competition, which causes people to lose jobs. Wal*Mart benefits from low wages, that force people onto government programs--something local businesses cannot do. As people lose their jobs, they have less buying power and rely more and more on Wal*Mart's goods, feeding this vicious cycle.)
This is why China does not sign onto TPP... because they will undercut TPP and walk away with the keys to the kingdom.
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fun n serious
(4,451 posts)I'm going to look into TPP in its entirety. I think we all should .