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posted by janrinok on Sunday March 11 2018, @01:42AM   Printer-friendly
from the life-goes-on dept.

The renamed TPP, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership has been signed by 11 countries. https://globalnews.ca/news/4069924/tpp-trans-pacific-partnership-signing-canada/

Thankfully, Trump's withdrawal from the TPP allowed the Canadian people to persuade their government to push for removal of most of the contentious IP obligations that the US demanded, http://www.michaelgeist.ca/2017/11/rethinking-ip-in-the-tpp/. America is considering rejoining, https://www.nytimes.com/2018/02/27/us/politics/mnuchin-tpp-trans-pacific-partnership-trump.html

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) will reduce tariffs in countries that together amount to more than 13 per cent of the global economy – a total of $10 trillion. With the United States, it would have represented 40 per cent.

Even without the United States, the deal will span a market of nearly 500 million people, making it one of the globe's three largest trade agreements, according to Chilean and Canadian trade statistics.

[...] Trump has also threatened to dump the North American Free Trade Agreement unless the other two members of the pact, Canada and Mexico, agree to provisions that Trump says would boost U.S. manufacturing and employment. He argues that the 1994 accord has caused the migration of jobs and factories southward to lower-cost Mexico.

[...] The 11 member countries are Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam.


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  • (Score: 0) by Anonymous Coward on Sunday March 11 2018, @05:43PM

    by Anonymous Coward on Sunday March 11 2018, @05:43PM (#650979)

    Somalia was controlled by a single-party government operating under the philosophy of "scientific communism".

    That Somalia failed under this State is no surprised. What is even less surprising is that Somalia's culture of authoritarianism gave rise to government in the form of warlords.

    Nevertheless, with the overreaching centralized State out of the way, Somalians reverted to ancient, slightly capitalistic ideas about trade, and the result has been an enormous improvement in the quality of their lives; in fact, Somalians have experienced gains that in many ways far outstrip the results of the surrounding societies that exist under more "stable" governments.

    So, the failure of Somalia has nothing to do with capitalism or libertarianism, and indeed capitalism and a kind of libertarianism is what has saved them.