Robert Reich understands that the Trans-Pacific Partnership really isn’t about trade, which is already very free and open. It’s about corporate control over the world:
Recent trade agreements have been wins for big corporations and Wall Street, along with their executives and major shareholders. They get better access to foreign markets and billions of consumers.
They also get better protection for their intellectual property — patents, trademarks, and copyrights. And for their overseas factories, equipment, and financial assets.
But those deals haven’t been wins for most Americans.
The fact is, trade agreements are no longer really about trade. Worldwide tariffs are already low. Big American corporations no longer make many products in the United States for export abroad.
The biggest things big American corporations sell overseas are ideas, designs, franchises, brands, engineering solutions, instructions, and software.
And thus the TPP really is about intellectual copyright, patents, and trademarks. It’s also about ensuring the global race to the bottom and increasing the profits for the 1 percent at the expense of the rest of world. It’s unfortunate that President Obama actually believes this is a good thing. Hopefully, enough Republicans just don’t want to give Obama any victory at all that this doesn’t pass Congress. Corporations don’t need more power over our lives.