Why is our government subsidizing offshoring in the Trans-Pacific Partnership, rather than providing incentives to companies who create jobs in America, and why are Senate Democrats going along with this plan?
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Answer:
Why don't we just put up prohibitive tariffs, halt trade wth china (after all, look at our trade deficit, it can't POSSIBLY benefit us) and become a closed society where we have lots of manufacturing and don't have to sorry about those pesky foreign nations undercutting us. Well, the thing is, trade is mutually beneficent. Trade is good. Protectionism is bad because we miss out on the gains from trade which are societal gains. Since the gains are societal, everyone benefits, but they benefit far more indirectly than the manufacturing firms which suffer quite directly. This means that they will be much more noisy in their opposition to trade than society's support. Thus, you see questions like these. In short, we should support free trade as it increases the wealth of everyone involved. Some industries may be disproportionally affected, but the rewards to society outweigh these costs.
Russell Murnen at Quora Visit the source
Other answers
Because of the belief that such trade agreement WILL create jobs in the US. It will also lower the prices of goods traded between these countries, hence more consumption of such goods and more production and higher demand for labour.
Jesse Abner Kuri
Any reference or source material proving that they are actually subsidising? Remember the difference between subsidising an agreement or allowing an agreement. I don't know if the government is actually subsidising, but I don't understand why are you against allowing it? Why do the jobs have to be American jobs? Why can't they be Singaporean job, Japanese job or Malyasian job (other partners in the Trans Pacific agreement)?
Swagato Barman Roy
It's hard to justify the benefits of creating jobs when you're selling Americans down the river at the same time. This "trade agreement" is a veiled power grab by corporations to burglarize the civil liberties of ordinary citizens in the member states and cement corporate dominance over member governments. The politicians are, to some extent, puppets in a power play. Thanks to Snowden and Wikileaks we have an early draft, and it is ugly. It is full of one-way concessions to big companies on behalf of the member governments. People need to realize that this agreement gives big US multinationals license to ignore a bunch of the member country's laws and sue their governments. The current trade delegations are doing all of this behind the backs of the elected representatives, without debate. The price of being on the take to a good trade agreement could be the first step towards enslavement of public institutions. The leaders of the member nations are negotiating in bad faith. They are going along with the agreement's restrictions knowing full well they are not allowed to make decisions in private that would violate the constitutional laws of their requisite countries. They need to be told they are out of line by the citizenry of these countries. The agreement draft proposed adopting measures that would: Allow corporations to ignore member states' domestic laws and sue their governments directly. This is the first step towards the erosion of the public institutions that safeguard their welfare and that of the environment. Depending on implementation, the TPP opens a new avenue for corporations to undermine workersâ and human rights, manipulate copyright laws, disable fuel emission controls, and restrict government regulation of food labeling. Make the internet less free and erode privacy rights: online privacy of personal information could be violated by a regulation that could control ISPs and force them to surrender private user data. Introduce Soaring Costs for Medicine: access to medicine in the Third World would be crippled by the outlawing of generic medicines. Health care costs in member countries would also escalate. Without open democratic debate and media coverage for these issues, there is no protection for ordinary citizens in the member countries.
Anonymous
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