TPP: The Most Brazen Corporate Power Grab in American History

The release Thursday of the 5,544-page text of the Trans-Pacific Partnership — a trade and investment agreement involving 12 countries comprising nearly 40 percent of global output — confirms what even its most apocalyptic critics feared.

“The TPP, along with the WTO [World Trade Organization] and NAFTA [North American Free Trade Agreement], is the most brazen corporate power grab in American history,” Ralph Nader told me when I reached him by phone in Washington, D.C. “It allows corporations to bypass our three branches of government to impose enforceable sanctions by secret tribunals. These tribunals can declare our labor, consumer and environmental protections [to be] unlawful, non-tariff barriers subject to… Read more…