Trans-Pacific Partnership Analysis

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The Trans-Pacific Partnership, TPP, is a free trade agreement between twelve countries situated on the Pacific rim. If ratified, a diverse range in countries will participate in trade with each other without tariffs. The TPP would be the biggest free trade deal in existence, creating a single market similar to the European Union (TPP: What is it and why does it matter?, 2016) . The arrangement is believed to allow for an increase of exports between involved countries, as well as an increase in GDP and annual real income as a result of reduced and eliminated tariffs. Furthermore, it would also allow a free flow of ideas and peaceful relations between all countries involved (Sorenson & Burns, 2016). On the other hand, others believe that the…show more content…
If viewed in the lens of Marxism, developed by Karl Marx, known for his development of socioeconomic analysis, while Marxist support the idea of free trade, that is dependent on whether or not it “enhances the position of the working class in its struggle against its enemies” (Ghorashi, 1995, 43). Due to the nature of the Trans-Pacific Partnership, many believe that it will solely benefit the corporations who helped create it and exploit or take away from the working class of the twelve countries potentially entering the partnership. For Karl Marx, it would not have the idea of partnership that he would have protested, but the relation the conditions which were produced which clearly benefit the corporations, the bourgeoisie, over the…show more content…
It will also allow companies involved to sue nation-states if they pass laws that will negatively impact their production, such as environmental regulations. This arrangement gives corporations an exceptional amount of power, which will be used to exploit the workers who live in these countries, and will benefit the corporations involved as much as possible. While some feel that it is nothing but a free trade agreement that will benefit all parties involved, there is no doubt that the proletariats within these countries will face exploitation with the ratification of the TPP, citizen will be taken advantage of (TPP 'worst trade deal ever, ' says Nobel-winning economist Joseph Stiglitz, 2016). The TPP will simply only benefit the bourgeoisie involved in the deal, and is set up in such a way that corporations will benefit, and others will be taken advantage of. Due to the capitalist nature of this free trade agreement, it is highly likely that many Marxist would not support the agreement, one that would typically be
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