|By Bill Reinsch, NFTC President - May 12, 2015|
Last week, I debated the merits of Congress enacting Trade Promotion Authority (TPA) legislation, and, by implication, the merits of the yet-to-be-concluded Trans-Pacific Partnership (TPP) agreement. What was unexpected was the direction the debate took. My “opponent,” who opposes both TPA and TPP, said, in essence, this debate is not about trade; it’s about power. TPA will take power away from the people and the Congress and give it to the President. TPP will take power away from the people and give it to large multinational corporations.
Thinking about it afterwards, it occurred to me that this is an extraordinarily revealing statement that deserves closer analysis.