Via the Physics of Finance:
Joseph Stiglitz is always worth reading. On the wrong side of globalization looks at the ongoing effort to surreptitiously create the Trans-Pacific Partnership, or TPP, which would "bring together 12 countries along the Pacific Rim in what would be the largest free trade area in the world." It's euphemistically called a "free trade" bill, yet negotiations between nations have curiously been going on in secret. Why? Mostly, Stiglitz suggests, because the TPP is really an effort to find ways for corporations to arbitrage regulations and improve profits while subverting democratic policy making around the world.
A year ago, I pointed out that these were Dean Baker's fears.
Joseph Stiglitz is always worth reading. On the wrong side of globalization looks at the ongoing effort to surreptitiously create the Trans-Pacific Partnership, or TPP, which would "bring together 12 countries along the Pacific Rim in what would be the largest free trade area in the world." It's euphemistically called a "free trade" bill, yet negotiations between nations have curiously been going on in secret. Why? Mostly, Stiglitz suggests, because the TPP is really an effort to find ways for corporations to arbitrage regulations and improve profits while subverting democratic policy making around the world.
A year ago, I pointed out that these were Dean Baker's fears.
RSS Feed
