Jim Hightower: Obama’s Terrible Trade Pact Is a Scam That Must Be Stopped

‘Their weapon is a scheme hidden inside a scam. Called the Trans-Pacific Partnership, the scam is their claim that TPP is nothing but another free trade deal — albeit a whopper of a deal — one that ties our economy to Brunei, Vietnam, and nine other nations around the Pacific Rim. But of the 29 chapters in this deal, only five are about tariffs and other trade matters.

The real deal is in the 24 other chapters that create a supranational scheme of secretive, private tribunals that corporations from any TPP nation can use to challenge and overturn our local, state and national laws. All a corporate power has to do to win in these closed proceedings is to show that a particular law or regulation might reduce its future profits.

This is big stuff, amounting to the enthronement of a global corporate oligarchy over us.’

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