“China wants to write the rules for the world’s fastest-growing region … We should write those rules,” President Obama declared in his State of the Union address. To sell Congress on giving him authority to “fast track” consideration of the Trans-Pacific Partnership (TPP), a trade and investment treaty with 12 nations that has been under negotiation for five years, the president argues it is vital that “we” write the rules. The real question, of course, is what does he mean by “we”?
Our global trade and tax policies have been and still are controlled by corporate and financial interests. They, not workers or consumers, write the rules.