Monday, November 09, 2015
A Business View of the TPP. Will We Heed the Warning? Is It Too Late?
Now that he's been consigned to irrelevance, NDP leader Mulcair is denouncing the Trans-Pacific Partnership deal as the worst ever. I never put much stock in Mulcair's views as it was just too hard to keep up with what they were from one week to the next.
That said, I place a lot more credence when an established Canadian businessman describes the TPP as the worst thing Harper did to Canada.
Jim Balsillie warns that provisions tucked into the Trans-Pacific Partnership could cost Canada hundreds of billions of dollars — and eventually make signing it the worst public policy decision in the country's history.
After poring over the treaty's final text, the businessman who helped build Research In Motion into a $20-billion global player said the deal contains "troubling" rules on intellectual property that threaten to make Canada a "permanent underclass" in the economy of selling ideas.
"I'm not a partisan actor, but I actually think this is the worst thing that the Harper government has done for Canada," the former co-chief executive of RIM said in an interview after studying large sections of the 6,000-page document, released to the public last week.
"I think in 10 years from now, we'll call that the signature worst thing in policy that Canada's ever done...
"It's a treaty that structures everything forever — and we can't get out of it."