Corporatocracy Gone Wild

The Trans-Pacific Partnership (TPP) is a trade deal that's supposed to be good for all US citizens, but as I've blogged before, it is totally controlled and written by mega corporations to secure their grip on international trade and laws, and if it is enacted it will further the degradation of our people while the mega rich will gain control over everybody and everything.  It is blessed by President Obama, but no members of Congress will be allowed to see it or debate it, it's being written in total secrecy by the corporate elite.  Public Citizen obtained a leaked chapter of the draft language from WikiLeaks and had this to say.

“The Obama administration’s proposals are the worst – the most damaging for health – we have seen in a U.S. trade agreement to date. The Obama administration has backtracked from even the modest health considerations adopted under the Bush administration,” said Peter Maybarduk, director of Public Citizen’s global access to medicines program. “The Obama administration’s shameful bullying on behalf of the giant drug companies would lead to preventable suffering and death in Asia-Pacific countries. And soon the administration is expected to propose additional TPP terms that would lock Americans into high prices for cancer drugs for years to come.”   Last week, the AARP and major consumer groups wrote to the Obama administration to express their “deep concern” that U.S. proposals for the TPP would “limit the ability of states and the federal government to moderate escalating prescription drug, biologic drug and medical device costs in public programs,” and contradict cost-cutting plans for biotech medicines in the White House budget.

Other U.S.-demanded measures for the TPP would empower the tobacco giants to sue governments before foreign tribunals to demand taxpayer compensation for their health regulations and have been widely criticized. “This supposed trade negotiation has devolved into a secretive rulemaking against public health, on behalf of Big Pharma and Big Tobacco,” said Maybarduk.