Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
Editorials & Other Articles
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Socialist Progressives
Showing Original Post only (View all)Secret tribunals part of “Trojan Horse” Trans-Pacific trade deal [View all]
http://peoplesworld.org/secret-tribunals-part-of-trojan-horse-trans-pacific-trade-deal/The Trans-Pacific Partnership is a free trade agreement between the U.S. and 11 Asian and Pacific countries that few people have heard of. If enacted, the TPP would encompass nearly 40 percent of the global economy ($27.5 trillion) and affect the lives of 800 million people. The stated goal of the partnership is to eliminate tariffs, and increase the flow of investment capital between signatories. Concealed within this naked move by the global One Percent to squeeze as much profit as possible from the planet is the mechanism for multinational corporations to subvert democracy and legal process through the implementation of secret tribunals.
Last Thursday, CWA president Larry Cohen agreed with MSNBC's Ed Schultz's assessment that regarding the TPP, "the president [Obama] clearly is on the wrong side of the issue." Not only would the trade deal result in the loss of jobs and diminish the power of U.S. workers to collectively bargain it would also grant special powers to multinational corporations. Cohen spoke passionately about the TPP's broad side attack on democracy: "If any of these nations improve standards for workers, if they improve environmental standards, or safety standards that cut corporate profits the TPP allows these corporations to try to stop those moves by suing for billions of dollars."
Candice Johnson, communications director for the Communications Workers of America, explains, "The Trans-Pacific Partnership will give special rights to corporations. It will allow them to challenge any laws that could impact expected future profits." Citing the recent example of a fracking ban passed by the people of Denton, Texas, under the TPP Denton "could be sued for the amount of profit [the corporation] expected." The suit would be filed, not in any U.S. court, but in a "secret tribunal" run by multinational corporations.
Just today Johnson learned that under the articles of the trade deal, "U.S. companies can set up overseas dummy corporations for the sole purpose of suing the United States" for losses of expected profit. In other words, any regulation or limitation of corporate profitability would result in that profit being extracted directly from the citizenry without their consent, or even awareness.
<snip>
33 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
Secret tribunals part of “Trojan Horse” Trans-Pacific trade deal [View all]
Starry Messenger
Nov 2014
OP
Is the TPP the absolute WORST piece of mislabeled, corrupt, ant-democratic "diplomacy" ever schemed?
Faryn Balyncd
Nov 2014
#4
Let's secretly tribunal these multinationals into prison, the major owners, CEOs, and BoDs.
Dont call me Shirley
Nov 2014
#7
That's my point. So how is it that so many people know so much about what it contains?
George II
Nov 2014
#13
It means that the so-called "leaks" were not filtered to prove a point before they were leaked.
George II
Nov 2014
#18
I'm not the one claiming to know the detailed contents of an agreement that hasn't even been....
George II
Nov 2014
#21
You're making drawing conclusions about the TPP based a "pattern" - that's equivalent....
George II
Nov 2014
#26
Yeah Starry. it's like breaking windows or setting fire to a trash can.....
socialist_n_TN
Nov 2014
#28