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Treat IPEF with Sunlight To Avoid Harm
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Your doctor’s not at fault if you don’t know about IPEF. It’s not a new virus. But it could harm billions of people. Or not. IPEF = Indo-Pacific Economic Framework. Setting rules for 40% of the world’s economy is the goal of this recently-launched “trade” negotiation. With the public and Congress locked out so far, few people even know about these talks involving 14 nations.
Big Tech interests are using their money and lobbyists and the IPEF’s secretive process to try to rig it. They want to lock in their power and monopolies to rake in the profits by trading in our personal data, tracking us, flooding our kids with garbage, and crushing competitors. Some in the Biden administration hope to harness IPEF to develop a new “worker-centered” trade policy. Others seem to be in cahoots with Big Tech. In this episode of Rethinking Trade with Lori Wallach, Lori breaks down what the IPEF is, how these talks could affect each of our lives and why we all need to start paying attention to IPEF before it’s too late.
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