Imagine how bad things will get when you stack the TPP on top of the WTO, NAFTA, & CAFTA.
The hits just keep coming. We are free-trading our way to increasing poverty for tens of millions of former middle class Americans. We are creating a labor pool overseas that's even more profitable than outright slavery. At least with slavery the owners had to furnish food and lodging for the workers. They had a sizable investment in the initial cost of the slaves they purchased, so they had to take care of them to some extent. Now they have disposable workers that are much lower maintenance. American workers are now considered a liability rather than an asset.
http://economyincrisis.org/content/34969
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With the U.S-China trade deficit exploding, more outsourcing of American jobs are forecast for the future. What most Americans fail to realize is that by signing the agreement with the World Trade Organization, the U.S. Congress agreed to hand over a portion of our sovereignty including:
• conforming U.S. laws, regulations and administrative procedures to the will of the WTO (Article XVI, p. 10)
• subjecting all federal, state and local laws and practices that affect trade to international review by the WTO (Article XVI, p. 10)
• allowing any WTO member country to challenge federal, state and local laws and practices as trade impeding (Section 2 of the Dispute Settlement Understanding)
• taking all trade disputes to the WTO judiciary – giving the WTO final jurisdiction over all trade disputes. No appeal exists outside of the WTO (Section 2 of the Dispute Settlement Understanding)
• empowering the WTO to enforce its rulings by imposing fines on the United States until we comply
• disallowing Congress to change the agreement.
The WTO is interested in one thing: the continuation of increased corporate profits without concern for the well being of our country, the environment or workers rights around the world. The corporate agenda has destroyed the developing economies of the world, exploiting cheap resources and giving them little in return. We must renegotiate terms or completely withdraw from the WTO as this deal is not beneficial for the U.S.
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