T-TIPping Point: Rise of Corporate Right Greater Menace than Rise of Far Right

Robert Kuttner, August 26, 2014

Who supports using trade to undermine regulation of capitalism? Wall Street and its corporate allies.

The latest reports from Europe indicate that the continent is slipping back into recession. The U.S. is doing only slightly better, with positive economic growth but scant progress on the jobs front, and no growth in the earnings of the vast majority of Americans.

Meanwhile, global climate change continues to worsen, producing unprecedented policy conundrums of how to reconcile the very survival of the planet with improved living standards for the world's impoverished billions, and for most Americans, whose real incomes have declined since the year 2000.

Amid all of these serious challenges, what common strategies are top U.S. and European leaders pursuing? Why, a new trade and investment deal modeled on NAFTA, to make it harder for governments to regulate capitalism.