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Global Corporations Are Scheming to Take Control of Our Economy — We Can Put a Stop to It

April 12, 2014 in Blogs

By Kevin Zeese and Margaret Flowers, AlterNet

Round 2 in the battle to stop the horrific TPP trade agreement begins. Time to correct the failures of globalized trade.


The broad movement for fair trade has stalled the Trans-Pacific Partnership (TPP).  When fast track trade promotion authority was introduced by former Senator Baucus, the Chairman of the Finance Committee, it was announced dead by Harry Reid and many of the members of the Finance Committee. A similar bill in the House also died quickly, not even proceeding to mark-up in the Ways and Means Committee, despite being introduced by its Chairman, David Camp (R-MI).

Congressional leadership including Democratic Leader Nancy Pelosi (D-CA), Democratic Whip Steny Hoyer (D-MD) and Majority Leader Harry Reid (D-NV) all announced that they opposed the Baucus-Camp version of fast track. Vice President Biden acknowledged that trade promotion authority was unlikely this year. This happened because a movement of movements engaged in protests across the country, the issue was raised at town hall meetings and hundreds of thousands of phone calls and emails went to Capitol Hill saying “no” to fast track for the TPP.

But, we knew that efforts to rig global trade in the favor of trans-national corporations would not stop there. The movement of movements that stopped the first version of fast track has been preparing for the next stage.

The new chairman of the Finance Committee, Senator Ron Wyden (D-OR), made a speech this week announcing that he was working to introduce a new version of trade promotion authority that he is propagandistically calling “smart-track,” but which sounds more like fast track in sheep’s clothing.  Wyden was vague on the details, but this far into the process any fast track bill being pushed will still rig trade in favor of transnational corporations.

For people who care about worker’s rights, the environment, Internet freedom, health care for all, regulation of banks and big finance, healthy food, access to water and other issues, the fundamental question is: will trade put the necessities of the people and environment before the profits of transnational corporations and the already wealthy? From what …read more

Source: ALTERNET

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