Trans-Pacific Partnership: A Plan for ‘Corporate Global Governance’
Posted on Jun 14, 2012
The Trans-Pacific Partnership, a secretive international trade pact under consideration by the Obama administration, would force American policy to conform to the whims of foreign corporations operating in the U.S. by allowing them to appeal key regulations to an international tribunal. That body would have the power to override U.S. law and issue penalties for failure to comply with its rulings. Lori Wallach of Public Citizen’s Global Trade Watch tells us exactly what the agreement would do.
“... It’s been branded as a trade agreement, but really it is enforceable corporate global governance,” she tells “Democracy Now!”
“This isn’t just a bad trade agreement. This is a 1-percenter power tool that could rip up our basic needs and rights,” Wallach says.
—Posted by Alexander Reed Kelly.