“Free Trade” and the Consequences of Neoliberal Globalization.

Thanks to the office of Senator Elizabeth Warren for documenting some of the blatant failures of U.S. trade policy in recent decades. Forming an appreciation for the history of this issue is necessary when attempting to understand the present dismal state of U.S. trade with the rest of the world.

President Obama may tout the new Trans-Pacific Partnership (TPP) as a different kind of trade deal, but experts were quick to dub it “NAFTA on steroids.” The disturbing fact that the adminstration is fighting to negotiate the massive agreement in secret, using so-called “fast-track” authority, is indicative of a certain contempt for democracy among some American elites. If the TTP is as good a deal as Obama says, why not open it up to public scrutiny and debate?

It is absolutely vital that working class populations on the Asian and American sides of the Pacific unite against the radical expansion of corporate power that is the TPP. They must educate themselves and mobilize politically in order to compel their governments to reject the agreement. Only by fundamentally transforming our trade priorities -by eliminating transnational monopolies, protecting national and food sovereignty in developing countries and empowering local economies and labor rights internationally- can we create a sustainable and more just global economy.

View Warren’s report here: http://big.assets.huffingtonpost.com/WarrenReport.pdf

   

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