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Canuck_2
Senior Contributor

Thoughts on TPP

Some good points in this article about TPP.

Even if you beleive TPP is bad you should consider waht is said here and how things should be handled without TPP.

 

http://www.nytimes.com/2016/11/21/opinion/a-retreat-from-tpp-would-empower-china.html?smid=tw-share&...

 

The agreement, known as TPP, was intended to play a strategic role in American diplomacy. It was the economic linchpin of Mr. Obama’s effort to reaffirm the nation’s role as a Pacific power and counter the rising influence of China, which was not part of the negotiations. Washington’s abandonment of the pact is widely seen in the region as a blow to American prestige and an opening for China to negotiate trade rules, win friends among Asian nations and assert regional leadership.

Some governments took serious political risks to forge the compromises needed for the TPP. For example, the pact would require Vietnam to recognize labor unions that are not affiliated with the ruling Communist Party.

 

Yes I know it is information from the hated 'press' but where else can you get reliable information?

14 Replies
hardnox
Advisor

Re: Thoughts on TPP

Sure, that's what it was always about.

 

The folk think they're going to get $25/hr jobs for standing on a line for 8 hours and tightening a screw when a robot can do it for $.50 and when they come to the realization that they won't is anybody's guess. But whenever it is it will be after The Great Man and his cronies have further ransacked the place.

 

Actually not sure they ever will if The Great Man turns out to be as skillful at scapegoating as he's been thus far.

 

Can hardly imagine a man who's CV speaks more thoroughly to the fact that he has no empathy for little people. Bernie Madoff probably had a lot more- he scammed rich people.

 

 

Samthehumble
Senior Contributor

Re: Thoughts on TPP

"The agreement, known as TPP, was intended to play a strategic role in American diplomacy. It was the economic linchpin of Mr. Obama’s effort to reaffirm the nation’s role as a Pacific power and counter the rising influence of China, which was not part of the negotiations. Washington’s abandonment of the pact is widely seen in the region as a blow to American prestige and an opening for China to negotiate trade rules, win friends among Asian nations and assert regional leadership."

 

 

So, think about what that sentence says and means.   Is this about free trade or bartering American markets in return for loyalty?  They are talking about using trade as a weapon against China.   Why?  Is that what you think should be a goal of a free trade agreement, is this really about trade at all?

Canuck_2
Senior Contributor

Re: Thoughts on TPP

That is a bonus after the benefits of the TPP.

TPP would make markets more equal with rules about minimum wages and working conditions.

 

No TPP no controls

 

Look at history and what happens when a country or region tries to wall itself off from the rest of the world.

 

Europe tried to cut off England because of religious disagreements around 1500 and what they did was spur England to explore the world and build an empire.

Samthehumble
Senior Contributor

Re: Thoughts on TPP

So using trade as a weapon against china wiil make the world more peaceful? 

Canuck_2
Senior Contributor

Re: Thoughts on TPP

China was invited to join the negotiations but so far has declined.

Thoughts have been that China already has lots of trade negotiations going on and dose not want to get invloved in this one until they get some of the others settled and China is willing to wait to see how TPP works out,

 

Maybe if the USA backs out China will be willing to get involved and become the biggest  member.

China has as big or bigger problem to meet the conditions of employee rights and environment than any of the countries invloved.

Samthehumble
Senior Contributor

Re: Thoughts on TPP

I believe that free trade is only really possible were the regulatory environments are nearly identical. 

Canuck_2
Senior Contributor

Re: Thoughts on TPP

Hey nox; yes the days of high payong jobs tightening a screw are over.

A lot of people have not come to that realization yet.

 

Efficiency is necessary to survive in manufacturing.

Have a daughter involved in manufacturing--management position.

Company she works for bought a plant in the US that was going or gone broke.

She was involved in revamping it to make it profitable

 

She was quite proud of how they took one line that was working in the plant and revised it so one person looked after it instead of the three.

Changes also improved layout (basicly made it a U shape instead of a long line so one person could supervise what took 3 before) so they had room to put in equipment to produce another line of 'widgets' too.

No screws to tighten just have to make sure supplies are incoming and product outgoing.

 

Her headaches are getting people to 'count' properly so they do not run out of A widgets to put with the B widjets to send the A+B widgets to the next process

Canuck_2
Senior Contributor

Re: Thoughts on TPP

Isn't that whaht trade agreements do?

Make regs equal so they do not need to put tarriffs on stuff with all the paper work and inefficiencies of calculating what is 'fair' and will not build costly production snaffus into products.

hardnox
Advisor

Re: Thoughts on TPP

BTW, I've read that Japanese HS grads can readily do some basic algebra for advanced manufacturing and it is a bit frustrating to Japanese execs that they need college grads to do that in the US.