TPP was a brilliant strategic multilateral policy response by Obama to the economic threat posed by a China, a despotic, big-brother regime. TPP provided an alternative regulatory umbrella over the fragile states of the Pacific region to shield them from the economic muscle and aggressive economic policies of China. Biden is the only one if the top six candidates to support TPP.
Much of the American left is out to lunch on the issue of trade. Tariffs are, in general, foolish, with rare exceptions for limited periods of time.
Multilateralism of the past 20 years resulted in the steepest drop in poverty around the world in human history.
Much of the American left plays into President Banana-Doral’s hands by echoing him on trade resentments.
The majority of the European left, especially in the continent, have been far more suspicious of go-it-alone nationalism, undoubtedly in part due to long memories of the lead ups to the World Wars.
“There’s actually compelling evidence describing a process of mutual reinforcement between democratization and entrance into preferential trade agreements. In short, the problem facing the international community today isn’t free trade — it’s insufficient economic regulation and poor governance.”
Certain candidates play into Banana-Doral’s hands unwittingly by agreeing with his wacky unilateralism, seemingly suddenly forgetting the lessons of the 20th century.