TPP = economic imperialism
The TPP will lock in the countries of Asia-Pacific under US imperialism’s economic control, and trample on the rights and livelihoods of people, and the sovereignty of nations. The TPP exposes the advanced stage of US monopoly capitalism which necessitates constant expansion, monopolisation and protection of its multinational corporations and banks. It will sweep away hard won rights and regulations that provide some protection for workers’ wages, working conditions, jobs, health and safety, food safety, the environment, welfare and community services, and democratic rights. TISA and the TTIP are the other two arms of US imperialist “trade liberalisation”. None of them have much to do with trade, but everything to do with removing all obstacles to greater monopolisation by corporations and financial institutions.
Rather than promoting “free trade” the TPP will introduce US corporate law across the region, law that inevitably enhances the interests of US monopoly corporations at the expense of ordinary people. It will allow US monopolies to penetrate every aspect of member countries’ economies, and undermine national governments’ policies and initiatives in areas such as health, education, environment protection and workplace rights and conditions.
Under the TPP, the Investor State Dispute Settlement provision (ISDS) empowers foreign corporations to sue national, state or local governments when they deem laws and regulations diminish their profits or are detrimental to future profit making. Under NAFTA and other free trade agreements, the multinationals have lodged hundreds of claims suing national governments for loss of profit due to local environmental regulations and workers’ wages. Veolia, a French multinational waste management corporation, is suing the Egyptian government for increasing the minimum wage that the Egyptian workers had fought for and won.
TPP signatory countries will be compelled to change their domestic laws and regulations to comply with the TPP standards, as drafted by some 600 multinational corporations. Outrageously, in another blow to sovereignty, the draft changes to domestic legislation will have to be sent to US Senate for approval before they can become law!
Under the TPP, foreign corporations will be able to challenge government subsidies to State Owned Enterprises and open the way to further privatisation of public health, education and social services by foreign monopolies. The costs to the people will increase even more.
There is strong resistance by the Indigenous communities of New Zealand, Canada, Peru and Chile, angry with the Intellectual Property provisions in the TPP. The First Nations People of Australia are calling the TPP yet another invasion and dispossession. The minimal protections over their lands and culture from the ravages of mining corporations that the Aboriginal people have achieved, may well be dismantled. ....