Sunday, 16 November 2014

TPP : a direct threat to democracy

Monster trade deals like the TPP represent a direct threat to democracy 

It would be a disaster were the TPP to pass and go into effect, for multiple reasons: it deregulates financial speculation; it eviscerates the ability of nations to enforce environmental regulations; it locks in a deeply unequal trade and intellectual property-rights regime, granting a handful of the world’s largest corporations monopoly protection; and it encourages the privatization of public services and public property.


Worst of all, it, it globalizes the so-called Investor-State Dispute Settlement, or ISDS, which allows corporations and investors to “sue governments directly before tribunals of three private sector lawyers operating under World Bank and UN rules to demand taxpayer compensation for any domestic law that investors believe will diminish their ‘expected future profits.’”




No comments:

Post a Comment