General Discussion
In reply to the discussion: Oh Shit... 'Democrats' Frustration With Obama Boils Over In Trade Battle' - HuffPo [View all]jeff47
(26,549 posts)But there aren't. Trade is flowing just fine. Tariffs have not been statistically significant for a very long time. We already have lots of trade with the TPP countries.
What is not flowing as well is capital. Because the people with the capital abandoned the idea of taking risks a couple decades ago. TPP reduces the risk for capital as it flows between the TPP countries through mechanisms like eliminating the ability for government to kill a profitable enterprise just because it's destroying the local environment. If a government does that after the TPP, that government has to pay the investors their expected return.
Wanna start a strip mine and dump toxic sludge in the local drinking water? Now you don't have to worry about those little people getting their government to stop you. You make a nice, safe profit either way.