truthdig.com
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The new Republican majority in Congress is oiling its trickle-down economics machine in the hope of passing the Trans-Pacific Partnership (TPP), an action that would have far-reaching impact. The TPP is a massive and secretive trade agreement that would bring together the United States, Australia, Peru, Malaysia, Japan, Vietnam, Chile, Singapore, New Zealand, Canada, Mexico and Brunei. The U.S. has strongly supported its passage since talks began in 2010. If the pact is adopted, all countries involved will have to adhere to its rules, meaning some of their existing laws could be nullified and replaced by the dictates of the agreement.