<html><head><meta http-equiv="Content-Type" content="text/html charset=utf-8"></head><body style="word-wrap: break-word; -webkit-nbsp-mode: space; -webkit-line-break: after-white-space;" class=""><br class=""><div class=""><a href="http://www.democracynow.org/2015/10/27/joseph_stiglitz_under_tpp_polluters_could" class="">http://www.democracynow.org/2015/10/27/joseph_stiglitz_under_tpp_polluters_could</a><br class=""><div class=""><h1 style="margin: 0px; font-weight: 300; font-size: 37px; letter-spacing: 0.7px; padding-top: 10px; font-family: Roboto, 'Helvetica Neue', Helvetica, Arial, sans-serif;" class="">Joseph Stiglitz: Under TPP, Polluters Could Sue U.S. for Setting Carbon Emissions Limits</h1><div class="date_content" style="margin-top: 7px; font-family: Roboto, 'Helvetica Neue', Helvetica, Arial, sans-serif; letter-spacing: 0.5px;"><div class="date" style="margin: 4px 8px 8px 0px; font-size: 14px; text-transform: uppercase; color: rgb(119, 119, 119); display: inline-block; vertical-align: inherit;">OCTOBER 27, 2015</div></div></div></div><div class=""><br class=""></div><div class=""><span style="font-family: Roboto, 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 18px; letter-spacing: 0.5px; line-height: 27px;" class="">Nobel Prize-winning economist and Columbia University professor Joseph Stiglitz warns about the dangers of the </span><span class="caps" style="font-family: Roboto, 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 18px; letter-spacing: 0.5px; line-height: 27px;">TPP</span><span style="font-family: Roboto, 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 18px; letter-spacing: 0.5px; line-height: 27px;" class="">, the Trans-Pacific Partnership. "We know we’re going to need regulations to restrict the emissions of carbon," Stiglitz said. "But under these provisions, corporations can sue the government, including the American government, by the way, so it’s all the governments in the </span><span class="caps" style="font-family: Roboto, 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 18px; letter-spacing: 0.5px; line-height: 27px;">TPP</span><span style="font-family: Roboto, 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 18px; letter-spacing: 0.5px; line-height: 27px;" class=""> can be sued for the loss of profits as a result of the regulations that restrict their ability to emit carbon emissions that lead to global warming."</span></div><div class=""><br class=""></div><div class=""><br class=""></div><div class=""><h2 class="transcript" style="font-weight: 400; margin: 8px 0px 3px; font-family: Roboto, 'Helvetica Neue', Helvetica, Arial, sans-serif; letter-spacing: 0.5px;">TRANSCRIPT</h2><div class="fine_print" style="margin-top: 12px; font-size: 13px; font-style: italic; color: rgb(136, 136, 136); font-family: Roboto, 'Helvetica Neue', Helvetica, Arial, sans-serif; letter-spacing: 0.5px;">This is a rush transcript. Copy may not be in its final form.</div><p style="font-size: 18px; line-height: 27px; font-family: Roboto, 'Helvetica Neue', Helvetica, Arial, sans-serif; letter-spacing: 0.5px;" class=""><strong class=""><span class="caps">AMY</span> <span class="caps">GOODMAN</span>:</strong> Finally, Joseph Stiglitz, you just recently wrote a <a href="http://www.marketwatch.com/story/the-trans-pacific-partnership-charade-tpp-isnt-about-free-trade-at-all-2015-10-05" style="text-decoration: none; color: rgb(154, 11, 16); border: 0px;" class="">piece</a>, "The Trans-Pacific Partnership Charade: <span class="caps">TPP</span> Isn’t about 'Free' Trade at All." Explain.</p><p style="font-size: 18px; line-height: 27px; font-family: Roboto, 'Helvetica Neue', Helvetica, Arial, sans-serif; letter-spacing: 0.5px;" class=""><strong class=""><span class="caps">JOSEPH</span> <span class="caps">STIGLITZ</span>:</strong> Well, it was very much the point that was made in your segment that you had about Indonesia joining. The basic point is that this is a trade agreement that has all kinds of provisions intended to restrict regulations. We carved out one little piece—TPP carved out one little piece that was so, so outrageous that everybody was up in arms, and that was a provision about tobacco. On a provision very similar to this, Uruguay is being sued by Philip Morris, the successor to Philip Morris, because Uruguay passed a regulation, as did Australia, that on the package you have to say that this is bad for your health.</p><p style="font-size: 18px; line-height: 27px; font-family: Roboto, 'Helvetica Neue', Helvetica, Arial, sans-serif; letter-spacing: 0.5px;" class=""><strong class=""><span class="caps">AMY</span> <span class="caps">GOODMAN</span>:</strong> What we have in the United States.</p><p style="font-size: 18px; line-height: 27px; font-family: Roboto, 'Helvetica Neue', Helvetica, Arial, sans-serif; letter-spacing: 0.5px;" class=""><strong class=""><span class="caps">JOSEPH</span> <span class="caps">STIGLITZ</span>:</strong> Exactly. It’s a little bit more graphic, because they had the picture of what it did to your lungs. It worked. People started—you know, stopped smoking. Not everybody, but smoking was reduced. Under the provisions of this, <span class="caps">TPP</span>-like provision, Philip Morris can sue Uruguay for the loss of their expected profits as result of the regulation. In other words, the view is, they have the right to kill people, and if you want to take away that right, you have to pay them not to kill.</p><p style="font-size: 18px; line-height: 27px; font-family: Roboto, 'Helvetica Neue', Helvetica, Arial, sans-serif; letter-spacing: 0.5px;" class="">Now, we carved—that provision was carved out, but all the other areas were left in. So they were talking about climate change regulation. We know we’re going to need regulations to restrict the emissions of carbon. But under these provisions, corporations can sue the government, including the American government, by the way, so it’s all the governments in the <span class="caps">TPP</span> can be sued for the loss of profits as a result of the regulations that restrict their ability to emit carbon emissions that lead to global warming. If this provision had been in place when we had discovered that asbestos was bad for your health—you know, under the current provisions, asbestos manufacturers have to pay for the damage that they’re doing. They pay billions and billions of dollars. If the <span class="caps">TPP</span> had been in place, we would have to pay the asbestos manufacturers for not killing us. It’s outrageous.</p><p style="font-size: 18px; line-height: 27px; font-family: Roboto, 'Helvetica Neue', Helvetica, Arial, sans-serif; letter-spacing: 0.5px;" class=""><strong class=""><span class="caps">AMY</span> <span class="caps">GOODMAN</span>:</strong> We have to leave it there, but we’re going to <a href="http://www.democracynow.org/blog/2015/10/27/nobel_laureate_joseph_stiglitz_on_rewriting" style="text-decoration: none; color: rgb(154, 11, 16); border: 0px;" class="">continue the conversation right after the show and post it online at democracynow.org</a>. Joseph Stiglitz, Nobel Prize-winning economist, Columbia University professor, chief economist for the Roosevelt Institute. His new book is called <i class="">Rewriting the Rules of the American Economy: An Agenda for Growth and Shared Prosperity</i>. <a href="http://www.democracynow.org/blog/2015/10/27/nobel_laureate_joseph_stiglitz_on_rewriting" style="text-decoration: none; color: rgb(154, 11, 16); border: 0px;" class="">Go to democracynow.org for Part 2</a>.</p><p style="font-size: 18px; line-height: 27px; font-family: Roboto, 'Helvetica Neue', Helvetica, Arial, sans-serif; letter-spacing: 0.5px;" class=""><strong class=""><span class="caps">WATCH</span> <span class="caps">MORE</span></strong><br class=""><a href="http://www.democracynow.org/2015/10/27/nobel_laureate_joseph_stiglitz_on_rewriting" style="text-decoration: none; color: rgb(154, 11, 16); border: 0px;" class="">Nobel Laureate Joseph Stiglitz on 'Rewriting the Rules of the American Economy'</a></p><p style="font-size: 18px; line-height: 27px; font-family: Roboto, 'Helvetica Neue', Helvetica, Arial, sans-serif; letter-spacing: 0.5px;" class=""><a href="http://www.democracynow.org/blog/2015/10/27/nobel_laureate_joseph_stiglitz_on_rewriting" title="Pt. 2" style="text-decoration: none; color: rgb(154, 11, 16); border: 0px;" class="">Nobel Laureate Joseph Stiglitz on Rewriting the Rules of the American Economy</a></p></div><div class=""><br class=""></div><div class=""><br class=""></div><div class=""><br class=""></div><div class=""><br class=""></div></body></html>