Not long ago, the Internet rose up in protest of SOPA, a corporatists attempt to clamp down on Internet freedoms for the benefit of the 1%. Unfortunately, in our plutocratic system where CEOs mean more to politicians than their own constituents, no bad idea goes away for long. The Trans-Pacific Partnership (TPP), a “free trade” deal currently under negotiation by the Obama administration, is another chance to essentially make the disastrous SOPA the law, just under a different name.
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The North American Free Trade Agreement (NAFTA) was created on January 1, 1994. It is an agreement between the United States, Canada, and Mexico. This particular “free trade” agreement was supposed to spur an increase in trade, exports, foreign investments, wages and standards of living. Reduced migration and reduced prices for goods were also supposed to result from NAFTA. Unfortunately, no good has actually resulted from NAFTA.
It’s time to reform the U.S. tax system. Democrats think so. Republicans think so. So what is the right way to do it? This is where disagreement starts, and it’s the reason we are stuck with a system that works for no one. The current tax system doesn’t work for businesses and it doesn’t work for workers.
We have been stuck with the WTO for nearly two decades now, and the results have been disastrous: shuttered factories, lost jobs, and a devastated economy. Under the WTO, our trade policy has foolishly become a one-size-fits-all strategy. This is because when a country is admitted to the WTO, we must give them most-favored nation status. This means we have been stripped of our Constitutional right to regulate our own trade policies.
You may not have heard, but a slew of international trade negotiators are pushing for a new, secret “free trade” deal — the Trans-Pacific-Partnership (TPP) — an agreement many are calling a “NAFTA on steroids.” NAFTA itself has resulted in job losses, the decimation of our manufacturing industry, offshoring, trade deficits, soaring national debt, and a flood of foreign imports.