Giant Sucking Sound Part 2: Trans-Pacific Partnership Akin to NAFTA, Free Trade
The following is a good overview of the Trans-Pacific Partnership (TPP)
Quote:Giant Sucking Sound Part 2? The NAFTA Of The Pacific Will Soon Allow Millions More American Jobs To Be Shipped Overseas
September 7th, 2011
The United States is negotiating one of the biggest free trade agreements in history and there is barely a peep about it on the news. Years ago, Ross Perot warned that if NAFTA was implemented there would be a "giant sucking sound" as millions of jobs left this country. It turns out that he was right. Starting on Tuesday, the next round of negotiations on the Trans-Pacific Partnership (also known as the "NAFTA of the Pacific") will begin in Chicago. We have already seen the Obama administration push hard for free trade agreements with Panama, South Korea and Colombia and the administration is making the Trans-Pacific Partnership a very high priority. Membership in the "NAFTA of the Pacific" already includes Brunei, Chile, New Zealand and Singapore. The United States, Australia, Peru, Malaysia and Vietnam are scheduled to join. Canada, Japan and South Korea are also reportedly considering membership. So once this "free trade" agreement is ratified, will we hear another "giant sucking sound" as millions more of our jobs are shipped overseas?
Look, it is not really that complicated. If you are a giant U.S. corporation, you can either make stuff here, or you can make stuff overseas where it is far, far less expensive to do so.
To greedy corporate executives, there are a lot of advantages to moving operations out of the country....
*It is legal to pay slave labor wages in many of these other countries. After all, why pay an American worker 10 or 20 times as much as a worker on the other side of the globe?
*In many of these other countries you do not have to provide any health care for workers.
*In many of these other countries there are virtually no environmental controls to worry about.
*In many of these other countries there are virtually no labor standards to worry about.
*In many of these other countries you only have to deal with a fraction of the "red tape" that you have to deal with in the United States.
By merging our economies with the economies of societies that are far different from our own, we have created a "race to the bottom" that is incredibly destructive to the U.S. economy.
In Vietnam, one dollar an hour is considered to be a very good wage.
So how do you plan to compete against that?
These "free trade agreements" are direct assaults on the big, juicy paychecks of American workers.
If you do not know about the Trans-Pacific Partnership, you need to get educated.
The following is a basic introduction to the TPP from Wikipedia....
The Trans-Pacific Partnership (TPP), also known as the Trans-Pacific Strategic Economic Partnership Agreement, is a multilateral free trade agreement that aims to further liberalise the economies of the Asia-Pacific region; specifically, Article 1.1.3 notes: “The Parties seek to support the wider liberalisation process in APEC consistent with its goals of free and open trade and investment.” The original agreement between the countries of Brunei, Chile, New Zealand and Singapore was signed on June 3, 2005, and entered into force on May 28, 2006. Five additional countries – Australia, Malaysia, Peru, United States, and Vietnam – are negotiating to join the group.
Apparently, one of the goals of the TPP is to reduce all trade tariffs among member nations to zero by the year 2015. The proponents of "free trade" are absolutely thrilled.
We have all enjoyed the flood of cheap products from overseas. It is nice to pay a little bit less for things.
But these cheap prices have come at a very high cost. We are literally destroying the American economy. If you walk into just about any store today and you start turning over products, you will find that almost all of them are made out of the country.
If our middle class jobs keep getting shipped overseas, our prosperity is going to vanish. If the American people allow this to continue, the standard of living of American workers is going to continue to fall toward the level of workers in third world countries.
Arthur Stamoulis, the executive director of Citizen Trade Campaign recently had the following to say about why he is opposed to this new free trade agreement....
"They’ve shipped our jobs overseas. They’ve reduced the tax base, they’ve driven down the wages and benefits for the jobs that are left. We’ve had enough"
As you can see from the chart below, we have seen a massive decline in manufacturing jobs in the United States over the last few decades....
[img]Full Article: http://theeconomiccollapseblog.com/wp-co...turing.png[/img]
This is one of many trade agreements past present and future to get around standards and laws in environmental impact, wages and labour conditions but it is a biggie. WTO/IMF
membership itself is bad enough but when you combine this with CETA
, WIPO etc.. and the 100s of other it allows competitive advantages for the lowest common denominator unless consumers themselves use their buying power to invest in manufacturers, suppliers, service providers, distributors and retailers with a moral conscience - although this is a bit handcuffed with the forced purchase model of government spending, a military that serves corporate interest, IP laws that selectively protect multi-national corporate patents, selective resource development contracts, tax breaks, subsidies, grants, infrastructure access and elite bank credit lines, market positioning and assets.
The game is rigged
, as it always has been and this merely steps it up a notch.
There are no others, there is only us.