Thursday, November 13, 2014

Our Corporate Governance


Now I am trying to figure out the secret TPP or Trans-Pacific Partnership, a kind of NAFTA for 12 Pacific Rim countries. It's a secret treaty that is apparently being negotiated by representatives of corporations from the nations involved. I read that the USA has about 600 people on its team and 590 of them represent corporations. I might be paranoid, but I don't entirely trust them. The object might be to increase corporate profits at the expense of ordinary people by raising some standards and lowering others. Some of the negotiations have leaked. For example, 12 nations blocking generic drugs will help America's Big Pharma, and in return America will lower the safety standards on food imported from the other treaty signers. I doubt if there is any way to stop this treaty. The governments will support their corporate oligarchies. President Obama and the Republicans, who control both houses of congress, are pushing for the TPP. Bernie Sanders and Paul Krugman oppose it.

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