The Three Industries That Love The TPP: Hollywood, Big Pharma & Wall St.

from the also:-three-big-funders-of-politicians dept

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Tons of people seem (quite rightly) concerned about the Trans Pacific Partnership (TPP) agreement. As we pointed out last week after the final text was, released, the agreement has a lot of really big problems . But if you want to understand just how bad the agreement is, perhaps you should just look at the industries that. Vox notes that Big Pharma and Hollywood love the agreement while The Intercept notes that Wall Street loves it It should be noted that, actually, Big Pharma is apparently a bit disappointed that the TPP doesn't go far enough in locking up exclusivity for biologics.That said, talk about three of the most hated industries around: Hollywood, Big Pharma and Wall Street. But, more importantly, talk about. We've been repeating over and over again that the TPP is not a free trade deal and this should be more confirmation. Hollywood, Big Pharma and Wall Street are probably three of the biggest industries to rely heavily on government regulations as a way toand to use that exclusivity toAnd they like the deal.That's because it's not a free trade deal at all. It's not about "taking away" barriers to trade, it's aboutin the form of protectionism to protect big, legacy industries from innovation and competition. Of course, it's no surprise that Hollywood, Big Pharma and Wall Street are also three of the most powerful lobbying industries in Washington DC, because when you can no longer innovate, and you rely on government protectionism, you focus your efforts on "political entrepreneurship" -- better known as getting the government to protect you from real entrepreneurship. So, no wonder the USTR went this direction. They only hear from these kinds of industries, and the end result is a fake free trade agreement that is designed to do the exact opposite. It's designed to build up barriers to protect old, stodgy industries who have relied on protectioncompetition from decades, and don't want to see that dissolve against foreign competition.

Filed Under: big pharma, free trade, hollywood, protectionism, tpp, trade, ustr, wall street