Secret Corporate Government Merger — Known as the TPP — is Finally Dead
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In perhaps the least ceremonious victory for U.S. and international activists, the decidedly abhorrent Trans-Pacific Partnership — a corporate giveaway of phenomenal proportions — effectively died yesterday.
Lawmakers from both sides of the aisle announced the much-maligned, so-called ‘free trade’ deal — which would have inextricably tied the U.S. to Asia and given corporations unprecedented powers over governments — would not be pursued in the lame duck session before President-elect Donald Trump takes office.
President Obama had hoped the massive, 12-nation agreement would come to fruition under a Hillary Clinton presidency, but with her defeat and Trump’s promise to roll back the previous, similarly-modeled North American Free Trade Agreement (NAFTA), all prospects of passage melted away.
Further, the deal’s secreted negotiations and WikiLeaks’ publishing of enormously controversial sections — such as the Intellectual Property chapter — left the American public leery and increasingly contemptuous of what, in essence, constituted a gigantic corporate power-grab. Aware of growing skepticism among voters, Republicans previously supporting the TPP dialed back their enthusiasm in recent months.
As the Wall Street Journal reports,
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