The why’s and what’s of a currency chapter for the TPP

January 10th, 2015 at 8:19 am

Check it out over at the NYT.

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2 comments in reply to "The why’s and what’s of a currency chapter for the TPP"

  1. Smith says:

    I’m not getting the basic concept of arguing for a corrupt, secret treaty that caters to the whims of corporate America, on the take politicians, and the 1% by proposing to attempt to add an additional feature with good qualities which in addition would not even address the main problem described, currency manipulation by China.

    No to TPP, yes to actions that stop currency manipulation.

    Progressives must not delude themselves into thinking it’s progress to trade away basic principles for illusionary gains.

    You don’t have to trade away immigrant (and thus also domestic) labor rights to end deportations and grant amnesty (eventual citizenship).

    You don’t have to allow lower corporate rates and tax holidays for repatriation of profits to end loopholes and tax avoidance (and corporates should also be raised but that’s a separate debate).

    You don’t have to cut social security and medicare benefits to pass a budget, raise the debt, or restore budget cuts.

    No to TPP, no to the big business immigration bill, no to the 1%’s version of tax reform, no to the grand bargain that swindles the middle class.

    No, no, no! (thank goodness for gridlock)

  2. Mel Farrell, Sr. says:

    Mr. Berstein,

    Any particular reason why there is no option to comment in response to your article, “How to Stop Currency Manipulation”, in today’s New York Times.

    Surely you cannot fear anti TPP arguments, if you believe it is such a wonderful opportunity for the masses.

    Fortunately there are many who, hopefully, will succeed in killing this dastardly attempt to further enrich the .01%ters.

    Eff .org

    “excerpt and link, an early explanation…
    Three reasons. International copyright agreements like TPP hurt U.S. businesses abroad, create pressure for more expansion of U.S. copyright law, and stand in the way of badly needed reforms to U.S. law. And it all happens through closed-door negotiations that even our elected representatives can’t watch, let alone the public.

    Let’s take these one at a time. First, TPP, based on a leaked draft from 2011, would expand copyright in the other TPP countries, creating more opportunities for lawsuits against artists, remixers, technologists, makers, and investors – including Americans. The excesses of U.S. copyright law, including rigid anti-circumvention rules and massive damages provisions, would follow U.S. businesses and investors across the Pacific.

    Second, TPP could provide legal and rhetorical ammunition for new expansions of U.S. copyright law. This has happened before. In the early 1990s, the entertainment industry tried to convince Congress to make breaking of digital locks (DRM) on copyrighted materials illegal. Congress didn’t act. Lobbyists turned to the treaty process, working “anti-circumvention” rules into the 1996 WIPO Copyright Treaty. When the lobbyists came back to Congress in 1998, they explained that the U.S. now had an obligation to follow through on its treaty promises by passing a broad anti-circumvention rule. This time, Congress acted, passing the Digital Millennium Copyright Act with its anti-circumvention rules that have caused so much trouble for coders, makers, remixers, and security researchers over the years”