Comment Of course it's worth it! (Score 1) 97
FTA:
If the best-case outcome is just 0.03% extra growth per year, is TAFTA/TTIP worth the massive upheavals it will require to both US and EU regulatory systems to achieve that?"
Those "massive upheavals" are precisely what makes the effort worthwile in the minds of the legislators and negotiators responsible. Just think of how much opportunity there is here for consultants, contractors, family members, and other corporate and governmental parasites and hangers-on. No, it's not going to boost the overall economy - probably quite the opposite. And no, it's not going to result in jobs where they're needed - it's going to result in extra money and bigger power bases for people who already have too big a slice of the pie. Make no mistake, it's the globalization of nepotism - only in this case, the 'family' is 'the 0.1%' It probably isn't that way by design, (though maybe it is), but you can bet the people who are and will be involved see the opportunity and are happy about it.