The American Empire in a Changing World


Thursday, July 26, 2012

TPP secrets: ''Obama covertly granting more power to multinational corporations''


''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.''

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