Clinton on the Trans-Pacific Partnership: Is she committed to a new trade paradigm? | National Catholic Reporter by MSW. MGB: A few items. What will really make trade fair is employee-ownership of multinatinal corporations - with employees on both sides of the border having an equal ownership role, the same standard of living from pay and transfer pricing based on these valuations. The Federa Reserve and ts counter-parts should assure that a market basket based currency trading system is in place to support this. Sadly, the AFL-CIO seems allergic to this regimine.
TPP under such a regime would be wonderful, but that is the point that the remaining capitalists will deounce it. Denouncing TPP is not enough. The whole system sinc NAFTA needs to be taken apart and renegotiated, for they all have the same corporate protections against state power.
One thing also in need of mention is a Value Added Tax. While not a a tariff, a U.S. VAT would put us on the same basis for zero-rated export and VAT-burdened imports as the rest of our trading partners. Sadly, there is no mention of this in any trade debate.
Is TPP a big campaign issue? I doubt it. Trump has not shown that he is sane enough to be president. For most voters, the decision will end there.
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