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A Done Deal: How the Trans Pacific Partnership Deal Comes up Short

Updated on October 12, 2016

What's the Deal?

While politicians on the left and right bicker over the value of the Trans Pacific Partnership (TPP) trade deal which has now been reached, do they even consider what values the deal actually represents? What do they even know about trade or business or capitalism? No one on either side of the aisle has the understanding of what businessmen and women represent. The government's paws all over the levels of business precipitated the 2008 financial crisis. Because of the policies of Fannie Mae and Freddie Mac and other controls and regulations, the United States experienced a meltdown. Politicians like Senator Bernie Sanders (D), who decried Wall Street for its role in that fiscal quagmire, now view the TPP as another step for “greedy” capitalists to rig the system and reap huge sums of money all while the lower and middle classes suffer. As he stated that "Wall Street and big corporations have won again" he fails to see how the TPP is but a smidgen of what it truly ought to entail. And the Republicans are no different. Presidential candidate Donald Trump (R) has also criticized TPP but has only implied that he holds differing opinions than Sanders. Neither of them can state the benefits of implementing the deal and how even if a few jobs evaporate, the value of inexpensive goods for relatively low prices ought to be recognized.

The TPP does not do enough. The dismantling of the regulatory state and the introduction of freedoms within the market ought to be the focus of such deals. Instead of fighting over a done deal, Republicans and Democrats alike ought to work together to back away from the economic table and leave the functions of the market to men and women who comprehend individual rights.

A Foot on the World



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