Quotulatiousness

January 14, 2014

Noam Chomsky – TPP is an “assault” that furthers corporate “domination”

Filed under: Economics, Government, Pacific, USA — Tags: , , , , , — Nicholas @ 08:59

The Trans-Pacific Partnership (TPP) is perhaps the most secretive “free trade” deal ever negotiated. It’s apparently so important that the details be kept from the electorate that even our elected representatives are not being given much information on what has been discussed or agreed. It’s not just libertarian and free market advocates that find this lack of transparency disturbing, as this piece in the Huffington Post shows:

The Obama administration’s Trans-Pacific Partnership trade deal is an “assault,” on working people intended to further corporate “domination,” according to author and activist Noam Chomsky.

“It’s designed to carry forward the neoliberal project to maximize profit and domination, and to set the working people in the world in competition with one another so as to lower wages to increase insecurity,” Chomsky said during an interview with HuffPost Live.

The Obama administration has been negotiating the TPP pact with 11 other Pacific nations for years. While the deal has not been finalized and much of it has been classified, American corporate interest groups, including the U.S. Chamber of Commerce, have already voiced strong support for the TPP, describing it as a free trade deal that will encourage economic growth. The Office of U.S. Trade Representative has also defended the talks, saying the TPP will include robust regulatory protections. But labor unions and a host of traditionally liberal interest groups, including environmentalists and public health advocates, have sharply criticized the deal.

Chomsky argues that much of the negotiations concern issues outside of what many consider trade, and are focused instead on limiting the activities governments can regulate, imposing new intellectual property standards abroad and boosting corporate political power.

“It’s called free trade, but that’s just a joke,” Chomsky said. “These are extreme, highly protectionist measures designed to undermine freedom of trade. In fact, much of what’s leaked about the TPP indicates that it’s not about trade at all, it’s about investor rights.”

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