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Keep socialist blog En Passant going - donate now
If you want to keep a blog that makes the arguments every day against the ravages of capitalism going and keeps alive the flame of democracy and community, make a donation to help cover my costs. And of course keep reading the blog. To donate click here. Keep socialist blog En Passant going. More... (4)

Sprouting sh*t for almost nothing
You can prove my 2 ex-comrades wrong by donating to my blog En Passant at BSB: 062914 Account: 1067 5257, the Commonwealth Bank in Tuggeranong, ACT. More... (12)

My interview Razor Sharp 18 February
Me interviewed by Sharon Firebrace on Razor Sharp on Tuesday 18 February. http://sharonfirebrace.files.wordpress.com/2014/02/18-2-14-john-passant-aust-national-university-g20-meeting-age-of-enttilement-engineers-attack-of-austerity-hardship-on-civilians.mp3 (0)

My interview Razor Sharp 11 February 2014
Me interviewed by Sharon Firebrace on Razor Sharp this morning. The Royal Commission, car industry and age of entitlement get a lot of the coverage. http://sharonfirebrace.com/2014/02/11/john-passant-aust-national-university-canberra-2/ (0)

Razor Sharp 4 February 2014
Me on 4 February 2014 on Razor Sharp with Sharon Firebrace. http://sharonfirebrace.files.wordpress.com/2014/02/4-2-14-john-passant-aust-national-university-canberra-end-of-the-age-of-entitlement-for-the-needy-but-pandering-to-the-lusts-of-the-greedy.mp3 (0)

Time for a House Un-Australian Activities Committee?
Tony Abbott thinks the Australian Broadcasting Corporation is Un-Australian. I am looking forward to his government setting up the House Un-Australian Activities Committee. (1)

Make Gina Rinehart work for her dole
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Sick kids and paying upfront

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Save Medicare

Demonstrate in defence of Medicare at Sydney Town Hall 1 pm Saturday 4 January (0)

Me on Razor Sharp this morning
Me interviewed by Sharon Firebrace this morning for Razor Sharp. It happens every Tuesday. http://sharonfirebrace.com/2013/12/03/john-passant-australian-national-university-8/ (0)

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Keeping us in the dark on free trade

I wrote this article on the Trans-Pacific Partnership for Red Flag, the fortnightly paper of Socialist Alternative. You can subscribe for a regular hard copy or digital edition by going to this link.

So you haven’t heard about the Trans-Pacific Partnership (TPP) agreement? This is not surprising since it is being negotiated in secret. So afraid is the Australian government of its citizens knowing details about what is being negotiated that the Department of Foreign Affairs and Trade banned journalists from a public briefing on the TPP.

The agreement is about trade and investment liberalisation. DFAT puts it this way:

“The Australian Government will pursue a TPP outcome that eliminates or at least substantially reduces barriers to trade and investment. The TPP is more than a traditional trade agreement; it will also deal with behind-the-border impediments to trade and investment.”

The target of the US-led agreement is China. The rapid trade and investment liberalisation that the agreement seeks means China, with its state-run protected businesses, cannot join unless it fundamentally restructures its economy. It won’t.

The US is building on an earlier Trans-Pacific Strategic Economic Partnership Agreement between Brunei Darussalam, Chile, New Zealand and Singapore. The TPP includes these four parties plus Australia, Canada, Japan, Malaysia, Mexico, Peru, the US and Vietnam.

Japan’s membership is interesting. Such is its fear of China that the current Japanese government is prepared to join the TPP despite the fact that this will mean abandoning protected rural industries that are the voting mainstay of the current Abe government.

In essence this is the US corralling friendly forces in an economic and political agreement against the growing power of China. It is an integral part of US imperialism’s “pivot to Asia” with its main goal to contain China.

It will do this by creating open trade and investment borders between the signatories. Almost 800 million people reside in those countries, including the US – the most powerful political, economic and military power in the world. The integration of these economies through the proposed agreement will create an economically unified group that competes with China in the region and globally.

So what does it do? Because it is secret, we don’t know that much, except for what has been leaked thus far.

First, it will abolish or significantly reduce tariffs between the signatories. For example, Japanese agricultural tariffs run at about 25 percent but are 778 percent on rice imports, 328 percent on sugar and 218 percent on powdered milk. While the US government appears to have given the Japanese some wriggle room, such tariffs would eventually go. So too would Australian car tariffs.

The agreement also covers investment. The idea is that investment will flow between the countries without any restrictions, direct or indirect. This will benefit capital exporters like the US at the expense of capital importers like Australia, which might in the past have tried to regulate foreign investment. Thus Australia’s foreign investment rules could be dumped or sidelined for the TPP partners.

Any disputes about this would be sorted out through what is called investor-state dispute settlement or ISDS. This would allow foreign corporations to sue governments. For example, if the Australian government harms a corporation’s investment (“reduces its expected profits”) through, say, environmental regulation, the door to litigation may be opened.

The TPP and its ISDS clause could, to name a few, threaten coal seam gas restrictions, plain packaging of tobacco, GMO regulation and Australia’s pharmaceutical benefits scheme and lower medicine prices (including $5.90 for pensioners). Longer copyright periods would strengthen US companies, which own 90 percent of world copyrighted material and increase prices in the areas concerned.

The US negotiators want to water down labour rights and environmental standards. No agreement on keeping these rights and standards has been reached.

The debate among capitalists has been whether to let the market rip or to regulate it just a little bit. Both the Howard and Rudd and Gillard governments rejected ISDS. The Abbott government looks set to accept it.

This looks to me as not just being about rabid free marketeers running wild. It is also that the Abbott faction of Australian capital is making a decision more fully to side with US imperialism in its encirclement and containment of China.

The plan is for the TPP to be finalised by the end of the year. No wonder the Abbott government is, once again, keeping us in the dark.

– See more at: http://redflag.org.au/article/keeping-us-dark-free-trade#sthash.Zya5qGmt.dpuf

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Comments

Pingback from Keeping us in the dark on free trade | OzHouse
Time November 7, 2013 at 7:02 pm

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Comment from Lorikeet
Time November 8, 2013 at 9:59 am

I think the globe will eventually be divided into 7 economic unions which are run by corporates, with all nations being brought down to the lowest common denominator.

These would include an Asian Economic Union and a Pacific Economic Union, with Australia, NZ, PNG, Indonesia etc belonging to the latter.

I think Queensland Premier Campbell Newman and Prime Minister Tony Abbott will have their governments ousted by the UN after only one term (deliberately orchestrated).

The community is now being asked to double our contributions to Foodbanks over the Christmas period. I have written a letter to the local rag suggesting that the government should increase Newstart and restore sole parent pensions to ensure children don’t have to live on the streets or out of cars.

The government should also build more public housing, and ensure 2,000,000 unemployed and underemployed people receive work. End of food cages!

Why should people who are battling to feed their own families have to purchase items to go into food cages outside large corporate supermarkets, while they continue to pay most of their taxes offshore?