Natasha Lennard — Chomsky: The Trans-Pacific Partnership Will Lower Wages And Increase Insecurity

Critics of the Trans-Pacific Partnership agreement — a purported free trade deal between 11 countries, including the U.S., Canada and Japan, which has been in negotiations for some years — have noted that the deal has little to do with free trade. Rather, the TPP is about limiting regulation, helping corporate interests and imposes fiercer standards of intellectual property (to, again, largely benefit corporate interests).

Noam Chomsky has joined the chorus decrying the TPP. On Monday he told HuffPost Live that the deal, which is not yet finalized, is “designed to carry forward the neoliberal project to maximize profit and domination, and to set the working people in the world in competition with one another so as to lower wages to increase insecurity.”

AlterNet

Chomsky: The Trans-Pacific Partnership Will Lower Wages And Increase Insecurity

Natasha Lennard

Chomsky said it was “a joke” that the deal is designated a “free trade” agreement. “It’s called free trade, but that’s just a joke,” Chomsky said. “These are extreme, highly protectionist measures designed to undermine freedom of trade. In fact, much of what’s leaked about the TPP indicates that it’s not about trade at all, it’s about investor rights.”