A Corporate Coup D’état
April 23, 2015
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Sometimes I feel like the oppressive future depicted in 1984 keeps drawing closer to reality. You will know what I mean if you read about the secretive Trans Pacific Partnership trade deal being pushed by Obama and the global corporations including Apple (according to CBS News).
How secretive is it? Obama is asking for its fast track approval without allowing Congress to even see its details.
Why it’s really bad. If the US declared a toxic chemical unsafe, its foreign manufacturer could sue, not in a US court, but before an international panel of arbitrators – made up of – corporate lawyers! Even the Washington Post called it, “a really bad idea. The only winners will be multinational corporations.”
And a New York Times editorial declared: “The TPP is little more than enhanced corporation power branded as free trade. It’s a blatant attack on labor, farmers, food safety, public health and even national sovereignty.”
There’s also a European version, TTIP, in the works that’s jut as bad. It’s a bi-lateral trade agreement between the US and EU that will reduce regulatory barriers to trade for big business, things like food safety laws, environmental legislation, banking regulations and the sovereign powers of individual nations. So it will be bye bye to strict pesticide and GMO regulations in Europe.
It will also allow companies to sue governments if those governments’ policies cause a loss of profits. Basically it means unelected transnational corporations can dictate the policies of democratically elected governments.