TPP (Cons: (To keep China at bay, companies can sue governments that…
To keep China at bay
companies can sue governments that change health or education policies.
intensifying competition between countries labour forces
there were bringing in secret changes to the negotiations.
most of the income from the TPP would be going to people who are making over 88,000.
will reduce the availability of cheap generics, making many drugs more expensive.
"Bad trade deals like the proposed Transpacific Partnership are a major reason for the collapse of the American middle class and the increase in wealth and income inequality in the United States. This agreement, like bad trade deals before it, would force American workers to compete with desperate workers around the world – including workers in Vietnam where the minimum wage is 56-cents an hour. Trade agreements should not just work for corporate America, Wall Street and the pharmaceutical industry. They have got to benefit the working families of our country. We must defeat fast track and develop a new policy on trade."
~ Sen. Bernie Sanders
How does it relate to capitalism
The proposal would adopt stricter sentences for digital copyright infringement.
It would allow stakeholders in companies to sue company management if it felt their profits were being limited.
Assurance that those doing business abroad will face a level playing field and will not be treated less favorably than local investors or competitors from other countries.
Most of gains in income would go to workers already making 88,000 dollars per year
Boosts economic growth through global trade
increases exports by 305 billion per year
removed 18,000 tariffs placed on US exports
What Is It?
TPP aims to strengthen trade between US, Japan, Malaysia, Vietnam, Singapore, Brunei, Australia, New Zealand, Canada, Mexico, Chile and Peru through the decrease of tariffs.
Would cut tariffs and deepens economic ties between the signatories.
Designed to create an alternative to the new single market resembling that of the EU.