Re:China's $1T Plan to Shake Up the Economic Order
by mark_l_watson on Saturday May 13, 2017 @03:15PM
(#14332497)
I think that about 20% of TPP did, as you said, deal with real trade, but 80% dealt with treaties that would override individual nations' laws and use private 'courts' for disputes.
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Re:China's $1T Plan to Shake Up the Economic Order
by yohui on Saturday May 13, 2017 @05:01PM
(#14332997)
In terms of public perception, perhaps. In reality? The parent comment is correct: we let ourselves pick out the parts we didn't like, with a dash of knee-jerk opposition to "secrecy" on top, and completely ignored the broader context (trade, security, and international politics).
The good news is, against all odds, it looks like the other TPP members might forge ahead anyway even without the US (for now): https://www.google.com/amp/asia.nikkei.com/amp/Politics-Econ...
It wasn't concern for little countries or even anti-IP sentiment that killed the TPP in the US, though that provided useful cover, but nativism as embodied by Trump.
New Zealand, one of those little countries, just ratified the TPP a few days ago to "send a message" in support of free trade despite the US withdrawal:http://www.radionz.co.nz/news/political/330574/nz-govt-ratif...