Opinion

Struggling With the TPP End Game

Everyone is in favor of trade—so long as it obviously benefits them.
Struggling With the TPP End Game
President Barack Obama (C) and Trans-Pacific Partnership leaders at the Asia-Pacific Economic Cooperation (APEC) Summit in Honolulu, Hawaii, on Nov. 12, 2011. (L-R) Australian Prime Minister Julia Gillard, Singapore Prime Minister Lee Hsien Loong, Vietnamese President Truong Tan Sang, Brunei's Sultan Hassanal Bolkiah, Obama, Chilean President Sebastián Piñera, Peruvian President Ollanta Humala, Malaysian Prime Minister Najib Razak and New Zealand Deputy Prime Minister Bill English. Saul Loeb/AFP/Getty Images
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Everyone is in favor of trade—so long as it obviously benefits them. In the era of mercantilism economics, based on piling up gold and silver in national treasuries, “trade” was simply the process of colonial soldiers and sailors searching for precious minerals and spices and extracting them from natives by force and violence.

Or trade was obviously exploitative. In colonial America, whiskey/rum produced from sugar in the West Indies was traded for slaves from Africa.

Or in their search for a trade product with China to pay for tea which England had de facto made its national drink, the English battened upon opium, which was easily available in India. Opium was much cheaper than paying in species silver and created an open-ended market of addicts in China. When the Chinese demurred that opium was damaging their people, the British forced its continued acceptance through two “Opium Wars,” forever damaging their relations with China.

Specific trade arrangements may well benefit some groups while disadvantaging others.