Wednesday, August 24, 2016

Nobel prize winner Stiglitz calls TPP 'outrageous'

Nobel prize winning economist Joseph Stiglitz says it's "absolutely wrong" for the U.S. to pass the trade deal known as the Trans-Pacific Partnership.

It will only help big corporations, not American citizens, he says.

"The advocates of trade said it was going to benefit everyone. The evidence is it's benefited a few and left a lot behind," Stiglitz told CNN's Richard Quest on Quest Means Business Tuesday.

Both Donald Trump and Hillary Clinton are against TPP, a free trade agreement that President Obama has been pushing with 11 other Asian nations. China is not a part of the deal.

 There's a chance Obama might try one last time to get Congress to pass TPP. Lawmakers typically come back to Washington for a few days after the presidential election. It's known as a "lame duck" session. Full story...

Related posts:
  1. The case against TTIP...
  2. Will we be fooled again? Stop the TPP!
  3. TTIP: UK Government found trade deal had 'lots of risk and no benefit' 
  4. Ambitious TPP trade deal signed...
  5. TPP 'fundamentally flawed,' should be resisted - UN human rights expert...
  6. South America takes to the streets against TPP...
  7. Here's what the Internet hates about the TPP trade deal...
  8. TPP ‘worst thing Harper did for Canada’ & will cost hundreds of billions...

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