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Trans-Pacific Trade agreement!

5 March, 2015 | Author

Take a look at the video, posted today, Robert Reich on TPP agreement!

Corporate lobbyists have been pushing for special rules in order to rush the Trans-Pacific Partnership trade deal through Congress. If they succeed, it will mean a loss of U.S. jobs and pressure to hold wages down for those that remain.

The Trans-Pacific Partnership is being negotiated in secret, but negotiators are making big claims about boosting U.S. exports. We’ve been down this road before. The reality is that deals like this make it easier for corporations to keep wages low by trading U.S. jobs to the lowest bidder.

Now corporate lobbyists want Congress to help speed things along by authorizing Trade Promotion Authority, a special set of “fast-track” rules for the deal so that it can be pushed through without allowing time for close review, debate or amendments, and guaranteed a quick vote in both the House and Senate.

More in the video section…

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“The majority of any society comprised, Smith knew, not landlords or merchants, but "servants, laborers, and workmen of different kinds," who derived their income from wages. Their welfare was the prime concern of economic policy, as Smith conceived it. "No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable," he wrote. "It is but equity, besides, that they who feed, clothe and lodge the whole body of the people should have such a share of the produce of their own labour as to be themselves tolerably well fed, clothed, and lodged." The chief economic concern of the legislator, in Smith's view, ought to be the purchasing power of wages, since that was the measure of the material well-being of the bulk of the population. (p. 64)” ― Jerry Z. Muller, The Mind and the Market: Capitalism in Western Thought

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