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11/7/2015 12:47:00 AM
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The TPP undermines the sovereignty of the nations involved.
The United States Congress will be voting to 100% pass or 100% reject, the Trans Pacific Partnership (TPP), a massive free-trade agreement with Mexico, Canada, Japan, Singapore and seven other countries.
Something buried in the fine print of the closely guarded draft, is an increasingly common feature of trade agreements. Its called “Investor-State Dispute Settlement,” or ISDS.
Agreeing to ISDS in this enormous new treaty would tilt the playing field in the United States further in favor of big multinational corporations. Worse, it would undermine U.S. sovereignty.
[b][i][u]ISDS would allow foreign companies to challenge U.S. laws — and potentially to pick up huge payouts from taxpayers — without ever stepping foot in a U.S. court.[/u][/i][/b]
Example: international company Z-stuff, decides to use an an untested chemical in their manufacturing process of their product XYZ, which turns out to have really bad health affects. America passes legislation banning the chemical.
Now, under the TPP the company could go file a dispute with an international panel of arbitrators, and that panel could require American taxpayers to cough up millions, with [b][u]0[/u][/b] ability for U.S. courts to overturn, or even challenge it. Undermining our ability to govern ourselves, rendering our constitution pointless.
https://www.washingtonpost.com/opinions/kill-the-dispute-settlement-language-in-the-trans-pacific-partnership/2015/02/25/ec7705a2-bd1e-11e4-b274-e5209a3bc9a9_story.html
Every person living in a country affected by this should be F[u]U[/u][b][/b]CKING FURIOUS about this. But its much more likely everyone will just shove their faces in some reality t.v. or their iphones, while believing every buzzword filled lie they see.
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1 ReplyEdited by Promethean241: 11/9/2015 10:33:02 PMI fu[i]c[/i]king love your posts Britton. Unlike most of these filthy cumbuckets, you support your posts with facts and evidence
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1 ReplyDid someone say TPP?
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Jotaro Kujo PhDI finished my PhD, but at what cost? - old
It's amazing that some people are actually supporting the TPP. -
NOTE: I don't know my true opinion on this matter, but I always see a giant echo chamber in Britton's threads. Hence why I try to disagree. If anyone needs clarification, please comment below. 1) ISDS: ISDS is in place because, in trade agreements, all nations affect each other. In other words, your laws might be harming our (as in multiple nations) trade; therefore, if a company believes that a law is damaging enough to go through the pricy* lawsuits, then the country will be giving reparations to the company. This is in place to make sure that the company is not harmed, an event that would ultimately harm the trade of the other country(s). Does it make nations vulnerable? Yes, but the many nations have given into that vulnerability for the better trade opportunities (see 2). [u]Furthermore, similar investor rights, like ISDS, and agreements, like the TPP, have been around for a long time **, and [b]the U.S. has never lost a case***.[/b][/u] Edit: ISDS [u][i][b]CANNOT[/b][/i][/u] overturn laws. It is purely for financial reparations. 2) ISDS and TPP: The TPP will be a large boon the the U.S. and other nations' trade because it will make us more open to the growing Asian market, form new ties to new nations, and strengthen those we already have****. Even if ISDS is the literal incarnation of satan on this planet (which it isn't), the trade deal will, overall, help every nation within it. A few million dollars will be am irrelevant fine. Let's face it, China is joining the U.S. as a world economic***** and military****** leader, and if the western world chooses to ignore it, China will bring the rest of Asia with it and surpass us all. There are other arguments regarding TPP, but this focuses on ISDS. It's either a good thing for the Trans-Pacific Trade Agreement, or it's simply a burden we'll have to carry to obtain something better. (https://www.washingtonpost.com/blogs/monkey-cage/wp/2015/10/06/the-tpp-has-a-provision-many-will-love-to-hate-isds-what-is-it-and-why-does-it-matter/) All below quotes are from this article. * [quote][i]"Investment arbitration claims can cost millions of dollars to litigate, so the TPP will bring enhanced legal certainty to investors that want to attack government regulations in a more straightforward manner."[/i][/quote] ** [quote][i]"TPP opponents, on the other hand, will have to argue why this deal is singularly problematic when there are already 3,200-plus treaties around the globe that already contain[b] similar investor rights[/b]."[/i][/quote] *** [quote][i]"In response, the United States Trade Representative, or USTR (the trade office of the U.S. government), has trotted out an increasingly sophisticated defense of the system, which engages more with critics than in the past. “Not a problem” was the old answer, an easy position to take given that the U.S. has never lost a case.[/i]"[/quote] (http://www.pbs.org/newshour/making-sense/full-dress-battle-awaits-know-tpp/) All quotes below are from this article. **** [quote][i]"The Trans-Pacific Partnership is the most substantial trade agreement ever conceived for the Asia-Pacific region. It would be the first “mega regional” of its kind: the 12 participating countries represent almost 40 percent of global output and 25 percent of global exports of goods and services. Dissatisfied with the lack of progress on the multilateral level, the 12 Trans-Pacific Partnership countries are like-minded in their pursuit of a high-standard trade and investment agenda, but of course they have different priorities and sensitivities, which means that negotiations have not been easy. The Trans-Pacific Partnership heads the U.S. trade policy agenda for political, commercial and strategic reasons. Politically, the trade deal embodies President Obama’s famed “Asia pivot” and promises to be the centerpiece of Obama’s second-term legacy. Commercially, the Trans-Pacific Partnership countries account for about 36 percent of U.S. total two-way trade in goods and services. The United States already has free trade agreements with most of the Trans-Pacific Partnership members, but the pact would add Japan, Brunei, Malaysia, New Zealand and Vietnam to the list of U.S. free trade agreements partners. Moreover, the Trans-Pacific Partnership would upgrade existing U.S. free trade agreements, including the venerable NAFTA. Strategically, the Trans-Pacific Partnership will demonstrate to Asian partners that U.S. engagement in the region has an economic focus, alongside the obvious military dimension. [...] Econometric estimates indicate that the Trans-Pacific Partnership will boost the real incomes of member countries by $285 billion over baseline projections by 2025, a gain of 1 percent that continues indefinitely. Japan and the United States would account for 64 percent of the total GDP gains. Exports of member countries will increase by $440 billion or 7 percent. Of course, these gains will require full implementation and national economic reforms to meet Trans-Pacific Partnership obligations and take advantage of new trade and investment opportunities.[/i][/quote] (http://www.cbsnews.com/news/can-china-challenge-u-s-economic-dominance-with-a-new-bank/) Same as before. ***** [quote][i]"The Chinese-led Asian Infrastructure Investment Bank is signing countries up, challenging institutions like the World Bank and International Monetary Fund (IMF) and threatening U.S. economic dominance in the process. The Chinese launched the bank in October 2014, and despite U.S. attempts to keep its allies away, several have applied to join the bank. Britain, Germany, France, Italy, Austria, and now Australia - which originally said it wouldn't join - have signed on. Earlier this week, Iran signed on as a founding member. [...] Like the World Bank and Asia Development Bank, the new Asia Infrastructure Investment Bank would provide funding, credit and financing for developing projects around the world. Financing like this is especially popular for infrastructure projects in the third world, and China is already heavily invested in Africa, Latin America, the Caribbean and Central Asia."[/i][/quote] (http://www.cnn.com/2015/09/15/asia/china-south-china-sea-airstrip/index.html) ***** [quote][i]"Greg Poling, the director of CSIS's Asia Maritime Transparency Initiative, said that China had reclaimed a flat rectangle of land with a retaining wall about 3,000 meters (3,280 yards) in length on Mischief Reef. It's similar to airstrips that China has been building on artificial islands at the Fiery Cross and Subi reefs in the contested Spratly Islands. "If it does turn out to be a runway, China will have three airstrips that can carry any plane the PLA (People's Liberation Army) has to offer," he said."[/i][/quote] Economics eh? https://www.youtube.com/watch?v=enMReCEcHiM
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7 RepliesEdited by Dolphinizer: 11/7/2015 6:57:05 PMBut it will pass anyways because congress is massively corrupted by the legal bribery system known as lobbying. Congress doesn't do what the people want, it does what the companies want.
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1 ReplyAnyone else think this was about the phantom pain?
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1 ReplyI would definitely oppose this. However, the people have little to no control over congress. We vote them in based on their lies, but they just do wtf they like, once elected. They're constantly hiding shit deep in the fine print. It's so openly corrupt that it's crazy to think about.
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Farm life here I come
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2 RepliesThat sounds like fascism to me.
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Watch corporate tards try to defend this.
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3 RepliesEdited by Face Mcshooty: 11/7/2015 12:52:03 AMCan I just move to the Dutch Netherlands? It's probably a lot better there than it is here.
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8 RepliesIf the TPP doesn't go through, china will become a superpower and we will be left in the dust.
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1 ReplyEdited by Molag Bal: 11/7/2015 6:06:06 PMIn other news, UK parliament wants to pass a law making encryption illegal and allowing the government to spy on citizens BUT make it illegal for one to spy on Parliamenteers
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7 RepliesQ: Can the company fine the nation or completely overturn the law? Q: Why is it even in the trade deal? Initial thoughts (will research later): It's in the best interest for a multinational company to sell its product instead of going through a legal battle. This means that going through legal action is redundant. Assuming they actually go through with it, this makes us vulnerable to companies, but it strengthens our economic ties such that a few million dollars will be irrelevant.
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prase b nwo
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Well shit
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Q: Can the company fine the nation or completely overturn the law? Q: Why is it even in the trade deal? Initial thoughts (will research later): It's in the best interest for a multinational company to sell its product instead of going through a legal battle. This means that going through legal action is redundant. Assuming they actually go through with it, this makes us vulnerable to companies, but it strengthens our economic ties such that a few million dollars will be irrelevant.
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At least those dirty Chinese can't touch my patents!
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Goddamnit America.
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3 RepliesI'm Australian yet I've an interest in U.S. Politics, you may have seen me reply to some posts. But yeah I agree mate, I do not like this deal at all, I'm quite critical of corporate power in the U.S. and the state of some things there, we have our own 1% as well but nowhere near like the U.S. I do not want that same corruption to come to Australia, it horrifies me that this is being allowed to happen.
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2 Repliesfurious.
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Bump.
