A Quote by Joseph Stiglitz
It's very clear that TPP was promoted by corporate interests, it was driven by ideology, not by economic science. And when they started looking at the net trade benefits, they are miniscule.
Related Quotes
While the TPP - like any trade deal - is a subject of vigorous debate, its benefits are clear. The TPP will open markets and bring down barriers for American businesses in the world's largest emerging market, creating jobs at home.
We're at the start of the process of talking about a trade deal. We're both very clear that we want a trade deal. It will be in the interests of the UK from my point of view, that's what I'm going to be taking in, into the trade discussions that take place in due course. Obviously [Donald Trump] will have the interests of the US. I believe we can come to an agreement that is in the interests of both.
Part of science is the questioning of authority, absolute freedom of ideology. The Soviets did some very good science, but when science ran into ideology, it had trouble. Science flourishes best in a democracy.
It is probably true that the economic benefits of being in the EU are a net positive to the UK, but a large number of people do not share in these benefits and the result is increasing inequality.
The TPP is another corporate-backed agreement that is the latest in a series of trade policies which have cost us millions of decent-paying jobs, pushed down wages for American workers and led to the decline of our middle class. We want American companies to create decent-paying jobs in America, not just low-wage countries like Vietnam, Malaysia or China. The TPP must be defeated.
By all means, let's have free trade and no trade barriers and a common market. But where did it all suddenly become about our own economic and political destiny being surrendered to Brussels with agendas that arguably have very little to do with the interests of the British people and British voters?
Education's net economic benefits are greater than many other investments.
The money needed to run for office, the money spent on lobbying by special interests, the ever increasing economic disparity and the well-funded legislative decisions all favour corporate interests over the people's.
What's new is that the White House itself has now been corporatized. It's not politicians working for the corporate interests. They are the corporate interests. That's where Bush came from, and Cheney and Rumsfeld.
This rhetoric that Donald Trump is used is very consistent with rhetoric he's used on the campaign trail for a long time now. He'll always say - and you look - you can look at the past transcripts of his old speeches. He'll always say, I'm in favor of trade; trade is great, but these deals - NAFTA, TPP, the South Korean Free Trade Agreement - are all terrible.
Trade is the key to the economic outlook in Britain and the E.U. Many corporate chieftains joined large bank CEOs and the fearmongering IMF to suggest that the E.U. will deal harshly with Britain if it leaves and stop all trade. That's mutually assured destruction - MAD.
One of the dangers about net-net investing is that if you buy a net-net that begins to lose money your net-net goes down and your capacity to be able to make a profit becomes less secure. So the trick is not necessarily to predict what the earnings are going to be but to have a clear conviction that the company isn't going bust and that your margin of safety will remain intact over time.
The government is also looking at further benefits including enhanced capital allowances; the use of Tax Incremental Finance; and extra help from UK Trade and Investment on inward investment and trade opportunities.
The mania started with insomnia and not eating and being driven, driven to find an apartment, driven to see everybody, driven to do New York, driven to never shut up.
I would like to believe that TPP will lead to more exports and jobs for the American people. But history shows that big trade agreements - from NAFTA to the Korea Free Trade Agreement - have resulted in fewer American jobs, lower wages, and a bigger trade deficit.
[Donald Trump] is talking a lot about redoing trade and that's the area that is getting globalists nervous. Number one, they want certainty. They do not want to see a disruption in trade. He's promising to rip up NAFTA, redo NAFTA. He's not going to do the Trans-Pacific Partnership, the TPP trade with Asia.
Related Authors
Adam Smith Quotes
Scottish
Economist
Alan Greenspan Quotes
American
Economist
Benjamin Graham Quotes
American
Economist
Friedrich August von Hayek Quotes
Austrian
Economist
John Kenneth Galbraith Quotes
American
Economist
John Maynard Keynes Quotes
English
Economist
Ludwig von Mises Quotes
Austrian
Economist
Milton Friedman Quotes
American
Economist
Muhammad Yunus Quotes
Bangladeshi
Economist
Murray Rothbard Quotes
American
Economist
Paul Craig Roberts Quotes
American
Economist
Paul Krugman Quotes
American
Economist
Richard Thaler Quotes
American
Economist
Robert Reich Quotes
American
Economist
Thomas Sowell Quotes
American
Economist
Walter E. Williams Quotes
American
Economist