Corporate Power and International Trade

A leaked document posted at Public Citizen last night offers a stark reminder of the rising power transnational corporations enjoy in the domestic settings of nation-states where they do business. The Huffington Post's Zach Carter writes that "The newly leaked document is one of the most controversial of the Trans-Pacific Partnership trade pact. It addresses a broad sweep of regulations governing international investment and reveals the Obama administration's advocacy for policies that environmental activists, financial reform advocates and labor unions have long rejected for eroding key protections currently in domestic laws." As Carter points out, "The terms run contrary to campaign promises issued by Obama and the Democratic Party during the 2008 campaign."

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