Scary stuff. A little less scary now we know about it. Thanks, New Statesman and Dan Holden for publishing this. I quote from their article: Who do you want governing you? A democratically elected government or an unaccountable multinational corporation? It makes the old maxim that money is power into a brutal reality...... This is the greatest threat to democracy that we don’t know about, and that’s more important than how powerful your vacuum cleaner is. An American union has, for example, warned that under this agreement a corporation could sue a government for raising the minimum wage. In another example that is perhaps specifically worryingly for Ed Miliband, a similar trade treaty meant that when Argentina froze water and energy prices in the recession, the government was consequently sued by international utilities corporations for the profit they had lost out on. Through removing the regulatory differences between the different markets in order to pursue profit, TTIP is essentially legally ensuring that corporations outrank government
Posted on: Mon, 08 Sep 2014 19:52:31 +0000
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