Heather Bresch, the CEO of the generic drug company Mylan, sent a letter to Michael Froman warning him about the dangers of the Trans Pacific Partnership (TPP). In the letter she states that the mandatory patent linkage would be a “recipe for indefinite ever greening of pharmaceutical monopolies.” This would lead to the automatic rejection of generic drug applications. What does this mean for us? This means that we won’t have access to cheap generic medicine and we will be forced to buy the expensive brand drugs.
Tag Archives: Free Trade
Since the North American Free Trade Agreement passed, employment in the textile industry has declined by more than 80 percent over the past decade. According to the Bureau of Labor Statistics, the industry went from having 900,000 jobs to fewer than 150,000. What kind of jobs did the textile industry provide for America? Good paying jobs with benefits, paid time off, and stability. Now, cut and sew apparel contractors and other apparel manufacturing jobs have been shipped overseas where wages are slim to nothing.
If you thought Chinese food imports were bad, wait till you find out the latest about Mexican vegetables. The latest issue comes from fields in Puebla, Mexico, where we get a bulk of our cilantro from. Turns out that investigators found human feces and toilet paper in the growing fields. Plastic crates and tables that were filthy were used to sort out the cilantro. All of this could’ve been avoided if we didn’t have free and uncontrolled trade with Mexico.
The European Parliament has come together to demand limits on Investor State Dispute Settlements (ISDS) from any “free trade” agreement. More specifically, they are demanding that foreign investors shall not have greater rights than domestic investors. The resolution also states that “the jurisdiction of courts of the EU and of the member states is respected, and where private interests cannot undermine public policy objectives.” America needs to do the same. What in the world is ISDS and why did the EU find it necessary to combat against it? Let me explain.
Jeb Bush, one of the GOP candidates for the Presidential seat and brother of George W. Bush announced in July that what America needs is to work longer hours. However, a poll done in 2014 found that many Americans reported working full time, an average of 47 hours a week! In addition, 4 in 10 work at least 50 hours a week. What America needs is to have better jobs with higher wages, not to work longer.