Dear Editor:
Oppose fast track and the Trans-Pacific Partnership (TPP).
No draft text of the agreement has been publicly released. Very few members of Congress have been allowed to see it. However, 600 corporate advisers from Wall Street to Walmart have been given access.
The TPP will place U.S. workers in competition with corporations operating in countries like Vietnam. Vietnamese workers make a minimum wage of 28 cents per hour.
The U.S. will lose an estimated 130,000 jobs solely due to the inclusion of Japan and Vietnam in the TPP. It's the same model that resulted in the loss of 3.4 million jobs after NAFTA, the Korean Free Trade Agreement and the inclusion of China into the World Trade Organization.
The TPP will reward authoritarian regimes, like Vietnam, that repeatedly violate human rights. The U.S. government and independent watchdog groups have documented Vietnam's widespread violation of basic international standards for human rights.
The Wall Street firms that already wrecked our economy would benefit at the expense of workers, businesses and global financial stability. The TPP would prohibit governments from instituting "capital controls" that have been successfully used to avoid financial crises.
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