General Discussion
In reply to the discussion: If Sanders and Warren were telling the truth, they'd argue FOR, not against, the TPA. [View all]Llanganati
(10 posts)Do you honestly believe that if fast-track is authorized that the bill will not be passed (irrespective of which of the two parties of capital are in control of congress)?
This agreement should be opposed out of hand by progressives. Under a capitalist system, the primary goal of a firm is to generate profits. In the modern world it is most profitable to produce in the peripheries of capitalism as regulations and wages are minimal in those places. The point of any free trade agreement in the modern era of global monopoly capitalism is to facilitate production in more profitable places and to facilitate transportation of those commodities back to the markets in the capitalist core. However, the TPP looks to do more than that (which is already disastrous for American jobs and the workers and peasants of those countries being re-colonized by capital), it seeks to give multinational corporations the ability to take national governments to court if they believe the government in question has in some way tampered with the corporations' "expected profits."
Effectively, this would give multinationals the power to pressure governments to slash wages and regulations in order to make production in the core profitable once more (not that the capitalist state requires much pressure to work in the interest of, well, capital).
In any case, this is a move to further reduce the accountability of the state to its population.