Following elaborate legislative contortions and gimmicks designed to hand multinational corporations their top priority, today the U.S. Senate paved the way for Fast Track legislation that aims to advance the corporate wish list known as the Trans-Pacific Partnership (TPP), as well other trade deals.
Those contortions were necessary because the American people overwhelmingly oppose these deals, notwithstanding an endless barrage of propaganda. They oppose these deals because they know from personal experience that the NAFTA model fails miserably. They know that these deals will mean more export of jobs, more downward pressure on wages. They know that these deals will undermine our ability to maintain an d adopt strong environmental and consumer protections. They know that these deals are designed to help giant corporations, and not communities.
Today’s action means that Congress will tie its hands to prevent it from exerting positive influence over negotiations of the TPP. It means that the final TPP agreement will very likely include provisions empowering foreign corporations to sue our own government for policies that they claim impinge on their expected future profits.