justin_o_guy2
Serious Thumper
Offline
What happened?
Posts: 55279
East Texas, 1/2 dallas/la.
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Corporate power to sue governments. Though the full throttle insanity is not yet unleashed, some elements have been enacted in places, apparently. The results will be horrific. We will have no rights to information about the products that we buy. Think the food is toxic now? Let this get passed. It's not looking good now, but I have never seen a screw job like this that went away. Only the completely uncaring and greedy would conceive of such and they won't give up. Opposition will be brought to heel, one way or another.
But most important: [The TTIP] is about giving corporations the freedom to sue governments if they don’t like a law that the government has passed. We have a lot of examples now, because in hundreds of bilateral treaties this private judiciary system exists, and for example, the government of Egypt raised the minimum wage and a company, an important company, Veolia, from France, sued them because they would have to pay their workers more. This case has not been decided yet, but one case that has been decided is for example, Ecuador, which refused that an American petroleum company could drill in a particular region. Well, they said this is a protected area and you cannot drill here. And the company said, ah, we will sue you; and they won. And they have a fine on Ecuador of 1.8 billion dollars which is a lot of money for a small and fairly weak country. This simply means that private corporate courts would be above the laws and courts of sovereign nations. There would be no sovereignty left; not even the little idependence Brussels has not yet destroyed. EU nations would all be under the rules of an Anglo-American led corporate empire.
Yeah, at first glance it Looks like We win. But, it's not good. And, as consumers, we all lose. America loses sovereignty, like everyone else. It's worse than NAFTA,,
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