Fight Corporate Greed
[Action Alert] • A deal called the Trans-Pacific Partnership (TPP), if passed, will put regulations on everything from the Internet to land usage to health and environmental regulations.
The TPP has been labeled "Nafta on steroids," in reference to 1994 North American Free Trade Agreement (Nafta), a free trade pact that gave corporations powers comparable to those of sovereign nations, allowing companies to sue governments to protect their own interests.
Critics of Nafta argued that it would destroy jobs, damage the environment, and lower the real value of wages. The outcry did not stop Nafta, and their fears turned out to be correct.
Almost two decades later, the TPP poses a similar threat. Because these negotiations are done secretly, not much is known about them. A document leaked in June suggests that the pact would grant radical new political powers to multinational corporations. It would give the power to overrule domestic laws, and impose trade sanctions on governments that fail to abide by its rulings.
TPP could block proper regulation of the financial industry, limit our access to medicines, and empower companies to challenge environmental and healthcare regulations.