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Ian Verrender, the ABC’s business editor, looked at the Trans-Pacific Pact and concluded – We’ve been sold out by the TPP sham:
Where is Cleisthenes when you really need him?
The man considered the father of democracy would be aghast at the turn of events last week, when 12 countries around the Pacific Rim gathered together and happily agreed to sell out their citizens, to elevate the interests of global corporations above their own sovereign law.
The NAFTA disaster showed the effect of these ‘trade agreements’ – the rich get richer and the poor get screwed.
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Some people remember 1999’s “Battle in Seattle”, but nobody seems to remember what it was all about. The post-NAFTA protests against the WTO and GATT largely concerned the very same sort of national sovereignty issues (and resultant job losses). Of course we lost and the corporations won.
And the corporations are still trying to bring in their ill-gotten gains from outside the US without paying any taxes on them. If the claim it’s profits from Moldova, let them spend it in Moldova.