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What is TTIP? And six reasons why the answer should scare you
Key Excerpts from Article on Website of The Independent (One of the UK's leading newspapers)
Posted: May 2nd, 2016
http://www.independent.co.uk/voices/comment/what-is-ttip-and...
Have you heard about TTIP? If your answer is no, dont get too worried; youre not meant to have. The Transatlantic Trade and Investment Partnership is a series of trade negotiations being carried out mostly in secret between the EU and US. As a bi-lateral trade agreement, TTIP is about reducing the regulatory barriers to trade for big business, things like food safety law, environmental legislation, banking regulations and the sovereign powers of individual nations. It is, as John Hilary, Executive Director of campaign group War on Want, said: An assault on European and US societies by transnational corporations. Since before TTIP negotiations began last February, the process has been secretive and undemocratic. But ... the covert nature of the talks may well be the least of our problems. TTIPs biggest threat to society is its inherent assault on democracy. One of the main aims of TTIP is the introduction of Investor-State Dispute Settlements (ISDS), which allow companies to sue governments if those governments policies cause a loss of profits. In effect it means unelected transnational corporations can dictate the policies of democratically elected governments. There are around 500 ... cases of businesses versus nations going on around the world at the moment. They are all taking place before arbitration tribunals made up of corporate lawyers appointed on an ad hoc basis, which according to War on Wants John Hilary, are little more than kangaroo courts with a vested interest in ruling in favour of business.
Note: For more along these lines, see concise summaries of deeply revealing news articles on corruption in government and in the corporate world.
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