New Report Suggests the TPP Is Barely Worth Worrying About

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As required by law, the US International Trade Commission has completed its analysis of the Trans Pacific Partnership. They used a dynamic computable general equilibrium model for their analysis, which concluded that the economic impact of the TPP would be…pretty close to zero. The chart on the right is my feeble attempt to add some color to this, and you can see that no part of the economy is affected by so much as 1 percent. Or half a percent. It’s more in the neighborhood of a quarter of a percent three decades from now.

Generally speaking, I’d say this means you should mostly ignore the economic aspects of TPP. The benefits will be minuscule and the damages will be minuscule. The error bars on a 30-year forecast are just too big to say anything more. Instead, you should focus on other aspects of the agreement. How will it affect poor countries in Asia? Is it a useful bulwark against the growing influence of China? What do you think of extending US patent and trademark rules throughout the world? All of those things are real. The economic impact is basically a crapshoot.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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