Trade Pact With Europe Might Gain Us Two Months of GDP By 2027

For indispensable reporting on the coronavirus crisis, the election, and more, subscribe to the Mother Jones Daily newsletter.


Shorter Dean Baker: If we pass the Transatlantic Trade and Investment Partnership, U.S. GDP will rise to $24 trillion in January 2027. If it doesn’t pass, we won’t reach that level until…..

March 2027.

And that’s the most optimistic possible scenario. In the less optimistic scenario, passing TTIP only gains us a single month of GDP by 2027.

TTIP may well be worth doing anyway. It depends on what the final deal looks like, and just how badly IP law gets even further screwed up by it. Still, it’s worth seeing the benefits displayed this way, instead of in raw numbers, because it gives you a sense of just how small the economic gains are. There might well be some benefits to harmonizing business regulations, but that’s mostly what this is about. Trade between the United States and Europe is already pretty wide open, so the actual trade benefits of TTIP are modest.

DOES IT FEEL LIKE POLITICS IS AT A BREAKING POINT?

Headshot of Editor in Chief of Mother Jones, Clara Jeffery

It sure feels that way to me, and here at Mother Jones, we’ve been thinking a lot about what journalism needs to do differently, and how we can have the biggest impact.

We kept coming back to one word: corruption. Democracy and the rule of law being undermined by those with wealth and power for their own gain. So we're launching an ambitious Mother Jones Corruption Project to do deep, time-intensive reporting on systemic corruption, and asking the MoJo community to help crowdfund it.

We aim to hire, build a team, and give them the time and space needed to understand how we got here and how we might get out. We want to dig into the forces and decisions that have allowed massive conflicts of interest, influence peddling, and win-at-all-costs politics to flourish.

It's unlike anything we've done, and we have seed funding to get started, but we're looking to raise $500,000 from readers by July when we'll be making key budgeting decisions—and the more resources we have by then, the deeper we can dig. If our plan sounds good to you, please help kickstart it with a tax-deductible donation today.

Thanks for reading—whether or not you can pitch in today, or ever, I'm glad you're with us.

Signed by Clara Jeffery

Clara Jeffery, Editor-in-Chief

payment methods

We Recommend

Latest