TTP and the Corporate Coup d’Etat

TPPJust a reminder, if one is needed, that the Trans-Pacific Partnership or TPP is still being worked on, even despite the almost-universal opposition from anyone not connected with a multinational corporation (and of course I include governments as being heavily connected with corporations at this late stage of capitalism).

This article from Joyce Nelson in The Ecologist offers a nice summary of what the TPP is from a North American perspective, and who will benefit from it:

“The Trans-Pacific Partnership contains something called ‘investor-state dispute settlement’ (ISDS) – a controversial trade-dispute mechanism now being included in most secretly-negotiated trade deals.

ISDS allows multinational corporations and investors to sue countries over policy or regulations that hinder their future profits. These lawsuits are secretly tried in special ‘arbitration tribunals’ – courts that are basically privately run by the corporate sector, with the lawyers and judges selected from a few corporate law firms.”

If you’ve heard of the TPP but want to get up to speed with exactly what is proposed for its contents, and why it is imperative that we stop it becoming law, read more.

The image is by DonkeyHotey on flickr (CC Licence).

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