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One provision among many which stack the deck in favor of the U.S. and other rich nations. Even something as seemingly uncontroversial as the anti-corruption pr
by jacobwilliamroy 7y ago
One provision among many which stack the deck in favor of the U.S. and other rich nations. Even something as seemingly uncontroversial as the anti-corruption provisions would be deal breakers for many states. Compliance with such would require the establishment of a government arm specifically to investigate and punish corrupt officials. Who is going to pay for all of those bureaucrats, in a place like Vietnam, where people are literally selling their children just to stay alive?
And investor-state arbitration? The ability for some random joe schmoe to sue a foreign government for violating a trade treaty? We saw how that shook out with the tobacco industry; the experience was so unpleasant that tobacco was actually banned from making use of the ISDS system laid out in TPP. Interfering with a state's ability to make and enforce it's own laws is NO BUENO.
TPP makes sense from the perspective of a walmart shareholder, but to the states which walmart exploits, it's complete and utter lunacy backed by big guns and fat wallets.