How corporate bamboozlers intend to widen inequality in America
1 min read
The basic problem facing the corporate and political powers who want you and me to swallow their Trans-Pacific Partnership deal is that they can't make chicken salad out of chicken manure.
The basic problem facing the corporate and political powers who want you and me to swallow their Trans-Pacific Partnership deal is that they can’t make chicken salad out of chicken manure.
But that reality hasn’t stopped their PR campaign, which pitches their “salad” as good and good for you! For example, a corporate front group called the Peterson Institute for International Economics recently issued a study blaring the happy news that TPP will increase real incomes in the US by $131 billion a year. Even if that was true (and plenty of other studies show that it’s not), it’s a statistic meant to dazzle rather than enlighten, for it skates around the real bottom line for the American Public: An increase in income for whom?
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In the past 15 years or so, and especially since 2008, it’s been made perfectly clear to the workaday majority of people that the corporate mantra of “income growth” benefitting everyone is a deliberate lie. Practically all of the massive annual increases in US income, which every worker helps produce, now gushes up to the richest one-percent, with millionaires and billionaires (the 1/10th of 1-percenters) grabbing the bulk of it.
Economists have a technical term for this: “Stealing.” TPP is written specifically to sanction and increase the robbery of the many by the world’s moneyed few, including provisions that give additional incentives to US manufacturers to ship more of our middle-class jobs to places like Vietnam, with minimum wages under 65-cents an hour!
Don’t be bamboozled by glittery studies. TPP is a manure salad tossed together by the superrich to further enrich themselves at our expense – and it would intentionally exacerbatie the widening gulf of inequality in America. For information and action tips, go to Public Citizen’s Global Trade Watch at www.citizen.org/trade.
“Economists Sharply Split Over Trade Deal Effects,” The New York Times, February 2, 2016.
“Trans-Pacific Partnership (TPP) Facts and Figures for SOTU Prep,” www.citizen.org, January 2016.