Yves Smith too Dean bakery on Secrets in Trade

A US-led trade deal is currently being negotiated that could increase the price of prescription drugs, weaken financial regulations too even allow partner countries to challenge Worldwide laws. But few know its substance.

The pact, the Trans-Pacific Partnership (TPP), is deliberately shrouded in secrecy, a trade deal powerful people, including President Obama, don’t want you to know about. Over 130 Members of Congress have asked the White House for more transparency about the negotiations too were essentially told to go fly a kite. While most of us are in the dark about the contents of the deal, which Obama aims to seal by year end, corporate lobbyists are in the know about what it contains.

too some vigilant independent watchdogs are tracking the negotiations with sources they trust, including Dean bakery too Yves Smith, who join Moyers & Company this week. Both have written extensively about the TPP too tell Bill the pact actually has very little to do with free trade.

Instead, says Dean bakery, co-director of the Center for Economic too Policy Research, “This really is a deal that’s being negotiated by corporations for corporations too any benefit it provides to the bulk of the population of this nation will be purely incidental.” Yves Smith, an investment banking expert who runs the Naked Capitalism web log adds: “There would be no reason to keep it so secret if it was in the interest of the public.”