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Australia Leads Charge to Revive TPP While Canada Abstains

posted by cmn32480 on Tuesday November 14 2017, @04:56AM   Printer-friendly
from the nobody-else-will-look-out-for-you dept.

An Anonymous Coward writes:

In Da Nang Vietnam, Australia and 10 other countries have tried to revive the TPP without the US.

Even though the analysis of the TPP has shown that the so called 'free trade agreement' has only minimal benefits and many drawbacks for developed nations the Australian Prime Minister is still set on having the agreement ratified. The Australian Prime Minister may be trying to push through the TPP before his government collapses due to the citizenship audit which is rapidly culling members of his party which could result in his party losing power in parliament. With the majority of the Australian public being against the TPP and with Malcolm Turnbull facing an election soon the reasons for this move to try to ratify the TPP is unknown.

If this trade agreement is accepted it will be the last in a series of detrimental trade agreements where Australia is on the wrong end of the stick. With Australia still reeling from the impact of the terrible China-Australia Free Trade Agreement the move to try to bring in another bad trade agreement may spell the end of the liberal government's long run in parliament.

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  • (Score: 1) by khallow on Tuesday November 14 2017, @06:54PM

    by khallow (3766) Subscriber Badge on Tuesday November 14 2017, @06:54PM (#596906) Journal

    It has produced a massive schism between what humanity wants and needs and what it has gotten.

    Not really. [soylentnews.org] Don't be another Chicken Little advocating your favorite fantasy.

    The system that succeeds the coming revolution must address that directly: how do we check the concentration of wealth and power in very few hands?

    Revolutions routinely don't do that. The French Revolution and the Bolshevik Revolutions in the USSR didn't do that, for example. And what is the quality of that wealth that's being concentrated? Is it really worth what is claimed for its valuation? What I frequently hear from those who claim to care about wealth inequality is a downplaying of the value of wealth while simultaneous pumping up the supposed power of that wealth.

    Finally, if wealth inequality is so important, then why do so few people bother accumulating wealth? I'm not seeing the reason to care when at least half of US citizens (among the wealthiest of the world's population) can't be bothered to save significant money.