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eridani

(51,907 posts) Sun May 10, 2015, 04:47 AM May 2015

Wall Street Titans Who Crashed Global Economy in 2008 Go Big for TPP

http://commondreams.org/news/2015/05/06/wall-street-titans-who-crashed-global-economy-2008-go-big-tpp

Despite those figures and the collapse of the U.S. manufacturing sector in the age of neoliberal globalization, the repeated line from TPP supporters is that these deals are 'job creators.' As the letter from the billionaire elites to the New York Congressional Delegation stated, "TPP would be a catalyst for creating new jobs in the United States, attracting more foreign investment to this country, and benefitting American workers in a broad range of industries."

But that's simply not what the evidence from past FTAs shows, said Lori Wallach, director of Public Citizen’s Global Trade Watch, in a statement on Tuesday.

"Who’s going to buy the argument about Fast Track and the TPP creating 'more exports, more jobs' when Obama’s only major trade deal, used as the TPP template, was sold under that very slogan and yet has done the opposite?"

And Dave Johnson, from the Campaign for America's Future, explained in a Tuesday post how none of this "just happened" by accident, but that corporate-friendly trade policies have created these 'job-killing' conditions:

Globalization is not some kind of inevitable natural process of history that has caught up with us. This was and is the result of intentional policy choices, designed to force deindustrialization, break unions, drive down wages and benefits and increase inequality as that pay differential is pocketed by a few. This is the result of the “free market, free trade” ideology that rose up in the late 70s. Free trade policy was and is designed to give a few plutocrats and their giant corporations — “the 1 percent” — increased power over governments.

Dean Baker, in “Globalization Was Policy, Not Something That Happened,” explained, “… inequality, like the path of globalization, is not something that happened. It was and is the result of conscious policy. We won’t be able to deal with it effectively until we acknowledge this simple fact.”

In his reporting for Huffington Post, Carter makes it clear that it wasn't only billionaires who signed the letter urging for Fast Track and TPP approval. Some, he told his readers, were "merely millionaire CEOs" like Goldman Sach's Lloyd Blankfein, Kenneth Chenault of American Express, and JP Morgan's Jamie Dimon.