Read how foreign corporations would be empowered to attack U.S. health, land use, environmental, and other laws before tribunals of three corporate lawyers operating under World Bank or UN rules to demand taxpayer compensation for policies they think undermine their expected future profits. (Already $350 million has been paid to corporations under NAFTA’s version of this crazy system.)
Special investor protections take away the risk of offshoring jobs to low-wage countries and in fact incentivize offshoring by providing special benefits for companies that leave. Plus, TPP would impose limits on how our elected officials can use tax dollars – banning Buy America or Buy Local preferences when government buy goods and services.
TPP would require us to import food that does not meet U.S. safety standards. It would limit food labeling.
Thought SOPA was bad? Read how TPP would require internet service providers to "police" user-activity and treat individual violators as large-scale for-profit violators. Plus, TPP would stifle innovation.
TPP would rollback reregulation of Wall Street. It would prohibit bans on risky financial services and undermine "too big to fail" regulations.
Disgustingly, U.S. negotiators at TPP are pushing the agenda of Big PhaRMA – longer monopoly control on drugs for the big firms and higher prices for us. These proposals would mean millions in developing countries are cut off from life-saving medicines and higher prices for those of us in rich countries.