Barack Obama was given the authority he has long sought to expedite negotiations for a massive trade deal with countries on the Pacific rim, propelling the US toward a landmark agreement that, both proponents and critics agree, will reshape the global economy.
The Republican-controlled Senate finally passed legislation on Wednesday that gives the president the power to “fast-track” negotiations with the 11 other countries party to the Trans-Pacific Partnership.
The vote, which passed 60-38, was a significant victory for multinational corporations which have been lobbying hard for a trade agreement expected to lower tariffs and create new regulations for sectors as diverse as agriculture, banking and the pharmaceutical industry.
End of quote.
Almost nobody understands what this will mean for nations, for legal rights of individuals vs. corporate, etc. And almost no-one understands this is not being driven by the nations supposedly negotiating it. Along with the obvious content, it is a powerful step down the path of the elimination of the nation state (something of a modern fiction, anyway) and along the path of one world government, run by the business interests of the global elite.
Recent Comments