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View Diary: FL-09: Alan Grayson (D), "Speak out against the Transatlantic Trade and Investment Partnership" (15 comments)

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  •  The original vision made geopolitical sense. (0+ / 0-)

    China and the emerging nations have formed a trading bloc that clearly strips the developed nations of jobs and certain economic powers we once relied upon.

    The idea, in its pure form, was to form a trading bloc of sorts with Europe. A Western bloc, if you will, that can move together for geopolitical economic balance of global trade -- as the rest of the world continues to develop and goes through the industrial phases that we once dominated.

    The idea was that together, Europe and the US could balance out the rest of the world's emerging economic powers:

    The United States and European Union (EU) have by far the largest economic relationship in the world.  The EU economy is just bigger than that of the U.S., with both generating over $15.6 trillion in GDP; together, we generate half the world’s output.  And because our ties are based on investment (over $3.6 trillion both ways) rather than trade, we have a total commercial relationship worth over $5 trillion – over $1 trillion in trade, some $300 billion in investment flows, and over $4 trillion in sales by our foreign investments.
    The idea is that a coordinated working arrangement between the two would powers would have immense economic benefits for both the people of the United States and the European Union
    As the American military presence in Europe declines and as other countries gain in wealth and power, a more integrated transatlantic economy will maintain the strength of this partnership for years to come.
    Perhaps the negotiations have gone terribly wrong. Perhaps they are in the process of working out differences and over-reaching for the benefit of both Europeans and Americans.

    I don't know enough to say, yet.

    But something tells me that the people writing the letters are outrage about some problematic (even egregious) details they hear about -- but probably have no depth of knowledge about the overall vision to provide context and direction.

    I think for activism to be effective, there must be a depth of understanding that is apparent in the complaints and reactions.

    I'm not seeing that.



    Denial is a drug.

    by Pluto on Wed May 15, 2013 at 06:00:22 PM PDT

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