Tag Archives: TTIP

TTIP—American Economic Imperialism, by Paul Craig Roberts

Here’s another take on the TTIP, from Paul Craig Roberts at paulcraigroberts.org:

Greenpeace has done that part of the world whose representatives are so corrupt or so stupid as to sign on to the Trans-Pacific and Trans-Atlantic “partnerships” a great service. Greenpeace secured and leaked the secret TTIP documents that Washington and global corporations are pushing on Europe. The official documents prove that my description of these “partnerships” when they first appeared in the news is totally correct.

These so-called “free trade agreements” are not trade agreements. The purpose of the “partnerships,” which were drafted by global corporations, is to make corporations immune to the laws of sovereign countries in which they do business. Any country’s sovereign law whether social, environmental, food safety, labor protections—any law or regulation—that impacts a corporation’s profits is labeled a “restraint on trade.” The “partnerships” permit corporations to file a suit that overturns the law or regulation and also awards the corporation damages paid by the taxpayers of the country that tried to protect its environment or the safety of its food and workers.

The law suit is not heard in the courts of the country or in any court. It is heard in a corporate tribunal in which corporations serve as judge, jury, and prosecutor.

In other words, the “partnerships” give global corporations the power to overturn democratic outcomes. Allegedly, Europe consists of democracies. Democracies pass laws protecting the environment and the safety of food and labor, but these laws democratically enacted reduce profits. Anything less than a sweatshop, with starvation wages, no environmental protection, no safety legislation for food or worker, can be overturned at will by global corporations under the terms of the “partnerships.”

Only a traitor, a well paid one, could sign such a pact.

In my opinion, corporate taxation can also be overturned as it obviously reduces profits.

The Trans-Atlantic and Trans-Pacific “partnerships” have been conducted in secrecy. The reason is obvious. Had people known how they were being sold out, there would have been a firestorm of protest. The corporate shills and their propagandists in the financial media could deny my revelations, because I had no official documents to release.

The “partnership” agreements are treaties. Under the US Constitution, treaties are the prerogative of Congress, not the prerogative of an executive branch appointed Trade Representative who represents not the people but the corporations seeking the advantage. To avoid the US Constitution, the agreements are defined as non-treaties. You see how the groundwork for corruption is established.

The way it works is that the appointed US Trade Representative “negotiates” with appointed trade representatives of other countries. Any resistance to the deal is overcome with bribes and intimidation. All of the negotiation is conducted in secrecy. When the trade representatives sign on to the deal, it is presented to the legislatures of the countries. The legislators are told that they must approve the pact and not endanger all the hard work that has gone on for so long and that is in everybody’s interest as attested to by all of the bribed and coerced trade representatives.

These “trade pacts” originate in the US, because American global corporations and the American mega-banks are the largest players in the world economy, and the agreements that the corporations walk through the process give the American companies economic hegemony over the countries that sign the agreements. The Trans-Atlantic and Trans-Pacific “partnerships” are tools of US financial imperialism.

To continue reading: TTIP—American Economic Imperialism

R.I.P. TTIP? by Don Quijones

Greenpeace recently released documents that confirmed the TTIP is everything it’s critics said it was. From Don Quijones at wolfstreet.com:

TTIP, the once super-secret transatlantic trade deal that is now broadly despised on both sides of the Atlantic, may not be alive yet but it could soon be dead. And all thanks to leaks which confirm a longstanding suspicion in Europe that the ultimate goal of TTIP is to pry open European markets for big U.S. corporations, with little offered in the way of reciprocity.

The UK Independent reports that the 248 pages of documents released by Greenpeace show that the “hated” deal would grant US corporations “unprecedented powers” over any new public health or safety regulations to be introduced in the future:

If any European government does dare to bring in laws to raise social or environmental standards, TTIP will grant US investors the right to sue for loss of profits.

It is iron-clad confirmation that many of our biggest fears were well-founded. At long last the treaty that should not be named is being exposed to the harsh light of day, all its darkest intentions splashed across the front pages of Europe’s biggest selling newspapers. As the European Green party notes, “every single publicly voiced suspicion concerning the lack of transparency in these TTIP negotiations has been justified by the revelations stemming from the leak.”

Here’s a check list of other widely held fears that appear to have been confirmed in the last two days:

• TTIP would represent a direct threat to the existence of public health services in Europe — CHECK
• If TTIP is signed, taking proactive steps to protect the environment would be much harder on both sides of the Atlantic — CHECK
• TTIP would almost certainly spell the end of the precautionary principle in Europe, which will be replaced by weaker, corporate-friendlier standards — CHECK
• It would also represent the final victory of Monsanto & Friends, which have faced massive public resistance in Europe and have struggled to overcome many European lawmakers’ aversion to granting their GMO seeds blanket approval for European markets — CHECK
• TTIP would accelerate data flows between the U.S. and Europe, with seemingly little in the way of data protection. Like TPP, it would also lead to much stricter rules on encryption and much stiffer enforcement of intellectual property rules, with serious implications for internet rights and access to medicines — CHECK
• The trade deal would almost certainly sound the death knell of the World Trade Organisation’s (WTO) “General Exceptions” rule (which allows nations to regulate trade “to protect human, animal and plant life or health” or for “the conservation of exhaustible natural resources). The rule did not even merit a mention in the leaked text.

Most importantly, TTIP, together with its sister deals TPP, CETA and TiSA, would — as I warned in the 2013 article “The Global Corporatocracy is Almost Fully Operational” — usher in a whole new era of corporate dominance that would put the current one to shame.

To continue reading: R.I.P. TTIP?