As a look at NAFTA’s track record shows, the only beneficiaries from the looming Trans-Pacific Partnership are global corporations. So why is a former community organizer like Barack Obama so hot for trade deals that destroy communities? Easy: He’s living in a new neighborhood now.
Global food control has nearly been achieved at grave cost to our health, and if the Trans-Pacific Partnership passes, control over not just our food but our health, our environment and our financial system will be in the hands of transnational corporations.
A 95 page draft of a chapter of possibly the most consequential U.S. trade deal in history released by WikiLeaks on Wednesday details plans regarding patents, copyright, trademarks and industrial design, “showing their wide-reaching implications for Internet services, civil liberties, publishing rights and medicine accessibility,” “Democracy Now!” reports.
If you read our latest Truthdigger column, you know that certain existing and potential future international trade deals allow private corporations to sue governments for profits they claim to have lost as a result of a nation’s laws. Here’s an example of such a suit currently filed against Canada.
The Trans-Pacific Partnership is an international trade agreement that would allow corporations operating in any country to appeal to a global tribunal to sue governments for financial “damages” wrought by laws that regulate the firms’ activities.
The weekly news is like a recurring bad dream that is becoming an even worse nightmare. While the investor class cheers a rising stock market, the rest of us sink. The headline that jumped out at us this week came from Bloomberg News: “CEO Pay 1,795-to-1 Multiple of Wages Skirts U.S. Law.”
The Trans-Pacific Partnership, a U.S.-led free trade agreement that would exempt multinational corporations from having to comply with policies governing industry in signatory countries, looks set to be rammed into law without comment or notice from much of the American media.