Earlier quoted context omitted.
Corporations have only themselves to blame for the failure of the TPP. Instead of limiting the agreement to trade, it was filled to the brim with anti-consumer, anti-worker, and anti-environment clauses. Negotiated entirely by industry and kept secret from even senators, laundering legislation they could never get through any parliament. If there was any justice in the world, the TPP would not only have failed, but e…
The bigger criticism I heard about the TPP was extending America's Intellectual Property laws even further across the globe. And the secrecy was annoying as well. What anti-consumer, anti-worker and anti-environment clauses are you referring to? Of course, from the standpoint of mainstream economic theory, trade agreements are moot for their stated purpose: everyone is better off just opening up to unilateral free tr…
The mentioned IP clauses would be anti-consumer, criminal penalties for trade secrets, and the horrifyingly 'standard' investor-state arbitration, which can throw a wrench into any pro-consumer/worker/environment law, as they usually impact corporate profit, meaning lawyers can argue that this is an indirect form of expropriation. It has a chilling effect on legislation. E.g. Canada backed off cigarette plain packaging and pesticide registration due to the arbitration clauses in NAFTA: https://www.techdirt.com/articles/20141121/07460329216/corpo...
A law professor made the same argument specifically in reference to the TPP - that the government would basically have to pay a tax to corporations on any legislation that cuts into their profits: https://www.huffingtonpost.ca/gord-miller/trans-pacific-part...
"Dean Baker argued that Article 18.78, under which countries should ensure that they protect trade secrets and impose criminal procedures for violators, could be used to enforce non-compete agreements.": https://en.wikipedia.org/wiki/Trans-Pacific_Partnership
And much of the TPP's more noble language, such as environmental and worker protections, is non-binding, and even explicitly subordinate to other parts of the agreement: "In the event of any inconsistency between this Chapter and another Chapter of this Agreement, the other Chapter shall prevail to the extent of the inconsistency.": https://theconversation.com/the-trans-pacific-partnership-po...
Basically, if it were remotely good, it would not have been negotiated in such secrecy. Think about who it was kept secret from - not the counterparties in the negotiations, so it cannot be argued the secrecy was to preserve some 'advantage'.