Showing posts with label fiscal sovereignty. Show all posts
Showing posts with label fiscal sovereignty. Show all posts

Thursday, August 2, 2012

The Most Important Trade Agreement That We Know Nothing About

Slate
David S. Levine

The Trans-Pacific Partnership could completely change intellectual property law. But the details are being kept secret.  




Imagine being invited to formally offer input on a huge piece of legislation, a proposed international agreement that could cover everything from intellectual property rights on the Internet to access to medicine to investment rights in the agreement’s signatory countries. For 10 minutes, you’d be able to say whatever you’d like about the proposed law—good, bad, or indifferent—to everyone involved in the negotiations. But there’s a caveat: All of your questions, all of your input, on what may be the most controversial part of the package, would have to be based on a version of the proposed international agreement that was 16 months old. And in that 16-month period, there were eight rounds of negotiations that could have changed any and all of the text to which you had access, but no one could tell you if that version was still accurate.

Would you still take the deal? This is not a hypothetical question; rather, this is the take-it-or-leave-it offer made to the public in May by the United States Trade Representative regarding the intellectual property rights chapter of the massively important but little-known Trans-Pacific Partnership Agreement (TPP). Unfortunately, this modest but sad excuse for public participation was the best offer to ask questions and offer input to TPP negotiators since the public phase of the negotiations began more than two years ago. So civil society groups, academics, experts (“nerds”), and regular Joe concerned citizens said yes.

The above Kafkaesque scenario reveals a truly odd and disturbing 21st-century situation. Asking informed questions is probably man’s oldest form of letting someone know his views. But in 2012, with all of the technology that allows for unprecedented (if not totally unfettered) flows of information, the vestiges of 20th-century secrecy continue to permeate international lawmaking, as reflected in the negotiations of TPP.

TPP is misleadingly labeled as a trade agreement, making it seem like a relatively narrow and limited agreement involving traditional topics like tariffs and exchange of goods—the sort of government-to-government discussions that seem too esoteric to have much impact on the everyday citizen. It is, in fact, much more than that. As explained by the USTR, TPP is an “ambitious, next-generation, Asia-Pacific trade agreement that reflects U.S. priorities and values.” President Obama, who announced the goal of creating TPP in November 2009, has said that TPP will “boost our economies, lowering barriers to trade and investment, increasing exports, and creating more jobs for our people, which is my No. 1 priority.” That sounds pretty important—and more than a little vague. Unfortunately, we don’t know much about it beyond those platitudes.

Here’s what we think we know. Based upon the leaks that have occurred, it seems that an enacted TPP would require significant changes in U.S. and/or other signatory countries’ laws.  It would curb public access to vast amounts of information in the name of combating intellectual property infringement (or piracy, depending on your choice of words). The owner of the copyright in a song or movie could use a “technological protection measure”—what are often called “digital locks”—to prevent your access to it, even for educational purposes, and regardless of whether the owner had the legal right to do so. Your very ability to read this article, with hyperlinks in it, could be affected by TPP. So, too, might your access to works currently in the public domain and available free of charge. And these concerns are only related to the intellectual property rights chapter of TPP. There are apparently more than 20 chaptersunder negotiation, including “customs, cross-border services, telecommunications, government procurement, competition policy, and cooperation and capacity building,” as well as investment and financial services. Technically, TPP would only take effect in the 10 negotiating countries: Australia, Brunei, Chile, Malaysia, New Zealand, Peru, Singapore, United States, and Vietnam.Mexico joined recently, and Canada and Japan may soon follow. But in reality, it would also affect citizens of any nations that interact with at least one of those 10—which means even the shut-off North Korea might feel its influence.

Sadly, even the above involves a fair amount of conjecture and speculation, rather than verifiable fact. This procedural bottleneck, fueled by a dogged adherence to a belief in 20th-century-style secrecy, requires direct engagement, even if that engagement is flawed and wildly inefficient. So, on July 2, I traveled to San Diego to take part in an experimental, bizarre, new, and terribly important civic duty: being among a fraction of the nearly 300 “registered stakeholders” to speak to the negotiators attending the 13th round of negotiations of the TPP—even though none of us had any clue what was really going on.


Tuesday, July 24, 2012

TPP secrets: Obama covertly granting more power to multinational corporations


Russia Today



Despite the White House’s efforts to keep a proposed free trade agreement concealed from the public — and even Congress — an excerpt from the TPP leaked Wednesday reveals that President Obama is prepared to bow to multinational corporations.

The United States has been engaged in discussion with eight Pacific nations to come to agreement on the terms of the proposed Trans-Pacific Partnership, a free trade contract that would allow for a more open system of exchange between the US and less developed nations. Critics have been concerned, however, over how provisions of the project could drive up the price of medications and other goods across the world. The White House’s reluctance to provide details to even leading lawmakers responsible for America’s trade plans has caused a rift within the president’s own political party as his administration remains adamant about protecting the items being heard.

A section of the proposed Trans-Pacific Partnership was leaked to the Web early Wednesday, and its contents suggest that US President Barack Obama was perhaps not so genuine with promises made while campaigning in 2008 and even offers some insight into why his administration has been eerily secretive about the TPP.

Details about negotiations determined during meetings between White House officials and leaders from the eight Pacific nations involved in the TPP have been so hidden from the public that even some members of the US Congress have called on the president to come forth with information. In a leak published this week by the advocacy website Public Citizen, though, it’s made clear that the Obama administration has every intention of backpedaling on previous promises that could largely impact regulations that will directly affect the safety and financial security of millions of Americans and international citizens.

According to the leaked excerpt, the Obama administration has been considering TPP provisions that would allow foreign corporations operating within the United States to appeal regulations on the environment and banking that would be forced on American-owned businesses with no chance of reprieve. While the United States could be sanctioned for failing to impose regulations on American-run businesses, multinational corporations are practically encouraged to do as much because the TPP outlines a clear avenue to file an appeal. If one of the eight Pacific nations chooses to do as much, their plea would be heard by an international tribunal that could overrule US law.

Such key components of the leaked TPP document conflict directly with campaign promises harped by then-candidate President Obama while vying for the White House. Huffington Post reports that during the 2008 campaign, Barack Obama was clear in emphasizing, "We will not negotiate bilateral trade agreements that stop the government from protecting the environment, food safety or the health of its citizens; give greater rights to foreign investors than to US investors; require the privatization of our vital public services; or prevent developing country governments from adopting humanitarian licensing policies to improve access to life-saving medications.”

On the contrary, President Obama is reportedly not so concerned today. Condemning the president over how the TPP could alter intellectual property standards are many critics who fear that the agreement would lead to the monopolization of life-saving drugs and thus propel the prices to an unaffordable amount.

"Bush was better than Obama on this," Judit Rius of Doctors Without Borders Access to Medicines Campaign tells HuffPo. "It's pathetic, but it is what it is. The world's upside-down."

Last month, Senator Ron Wyden (D-Oregon) introduced legislation that specifically targets the Obama administration by demanding that the White House open up on details about the proposed TPP. Despite serving as chair of the United States Senate Finance Subcommittee on International Trade, Customs, and Global Competitiveness, Sen. Wyden has been largely left uninformed about the details of the TPP all while the White House has opened up to the multinational corporations expected to profit through the proposal.

“The majority of Congress is being kept in the dark as to the substance of the TPP negotiations, while representatives of U.S. corporations – like Halliburton, Chevron, PHRMA, Comcast, and the Motion Picture Association of America – are being consulted and made privy to details of the agreement,” said Wyden. The senator’s legislation would require the United States Trade Representative office “to provide documents related to trade negotiations to members of Congress and their staff upon request.”



Monday, May 21, 2012

Internet Reformation Is EU Reality?

Daily Bell

Europe finally awakes from its utopian dream ... Let's say this again, just in case a single sentient being on the planet has missed it: Germany cannot simply decide to bail Greece (or Spain, or Italy, etc) out of its debts. OK? However much Angela Merkel is nagged, berated, bullied and patronised by Barack Obama, David Cameron, or the BBC/Guardian axis that regard the preservation of the euro project as critical to their own interests, she cannot just revoke, in a unilateral act, the rules of German government or of the Bundesbank. Her persistent refusal to "take decisive action" of the kind that would suit the purposes of all those clamorous voices at the G8, is not "dithering", as it is so often described. In fact, it is not (or not entirely) to be explained in any of the mildly contemptuous ways that her tormentors suggest. It does not arise from an unthinking, superstitious terror instilled in her by the Weimar nightmare of hyper-inflation. Nor is it a narrow-minded expression of the German hausfrau's values of thrift and self-discipline. What Mrs Merkel is doing, quite appropriately, is defending the integrity of her national constitution, the economic principles on which her country's economic success has been built, and the interests of her own electorate. – Janet Daley/UK Telegraph

Dominant Social Theme: It is time to go.

Free-Market Analysis: Someone in the mainstream press has finally written the evident and obvious truth about the Eurozone: Angela Merkel does not have it in her power simply to declare a new pan-European empire.

For this clear – clarion-like – truth, we thank Janet Daley. As part of a truly remarkable show of force on this Monday, the UK Telegraph is in full cry with no fewer than half a dozen articles calling for the demise or reduction of the EU.

But this article by Daley is by far the best, in our view – and, of course, that is a biased statement, for she comes closest to enunciating the position regarding the EU that we have been taking.

The German people themselves are the stumbling block, to Brussels' psychopathic ambition and assertion of power over Charlemagne's long-ago demesne. Here's some more from the article:

A defiant Angela Merkel is doing no more than defending the interests of her own electorate ... As the leader of a democratic state, what else should she be expected to do? Would Mr Cameron, who is busily assuring us that he will always put the needs of this country first, be chivvied into throwing over the interests of his own citizens for the sake of another national population that has come to grief largely as a consequence of its own misjudgments? Last week, he called for the "pooling [of] fiscal sovereignty" among the eurozone countries. Would he be willing to give up his Government's right to determine its own tax and spending policy?