The Trans-Pacific Partnership (TPP) is a bad deal and must be stopped. #StopFastTrack
Originally posted on In the Eyes of Mika:
“Savvy, deep-pocketed foreign conglomerates could challenge a broad range of laws we pass at every level of government,” said United States Senator Charles “Chuck” Schumer (D-NY) on the Trans-Pacific Partnership (TPP) (Weisma).
The TPP is a cornerstone of President Barack Obama’s economic agenda for his second term in office. However, the trade agreement faces tremendous criticism from many Democrats and progressive organizations. Collectively, these Democrats and progressives claim that this trade deal would be damaging to U.S. sovereignty, that it expands the ISDS (investor-state dispute settlement), and it adds new substantive rights to foreign companies and investors. All of which would hurt the U.S. economy, damage the environment, roll-back human rights, and destroy privacy.
The Trans-Pacific Partnership (TPP) would grant broad powers to multinational companies and investors operating in North America, South America, and Asia. Under the TPP, companies and investors would be able to challenge any regulations…
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