Sunday, November 03, 2013

Bill Moyers on The Trans-Pacific Partnership

I caught this on Bill Moyers Yves Smith and Dean Baker on Secrets in Trade and was quite surprised as this was the first I heard of it.

A US-led trade deal is currently being negotiated that could increase the price of prescription drugs, weaken financial regulations and even allow partner countries to challenge American laws. But few know its substance.

The pact, the Trans-Pacific Partnership (TPP), is deliberately shrouded in secrecy, a trade deal powerful people, including President Obama, don’t want you to know about. More than 130 members of Congress have asked the White House for greater transparency about the negotiations and were essentially told to go fly a kite. While most of us are in the dark about the contents of the deal, which Obama aims to seal by year end, corporate lobbyists are in the know about what it contains.

There's a little more here. Far from being a socialist this make Obama sound more like a robber baron. It's the secrecy that's so bothersome. I hope to hear more of this.

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