This maybe one of the most important stories ever ignored by the
"lame stream, liberal" media. It’s unlikely you’re losing sleep over US
trade negotiations, but the unfolding business agreement between the US
and eight Pacific nations --the Trans-Pacific Partnership (TPP) --
should cause every US citizen, from the Sierra Club to the Tea Party to
get their pitch forks and torches out of the closet and prepare to
“storm the Bastille.”
The TPP negotiations have been going on for two years under extreme secrecy, no information has been made available to either the press or Congress about the US position. But on June 12th a document was leaked to the watchdog group, Public Citizen, revealing the current US position and the reason for the secrecy. The contents are surreal and shocking, and prima facia evidence for how corporations have become the master puppeteers of our government.
The leaked document reveals that the trade agreement would give unprecedented political authority and legal protection to foreign corporations. Specifically, TPP would (1) severely limit regulation of foreign corporations operating within U.S. boundaries, giving them greater rights than domestic firms, (2) extend incentives for U.S. firms to move investments and jobs to lower-wage countries, (3) establish an alternative legal system that gives foreign corporations and investors new rights to circumvent U.S. courts and laws, allowing them to sue the U.S. government before foreign tribunals and demand compensation for lost revenue due to US laws they claim undermine their TPP privileges or their investment “expectations.”
Read more: http://www.commondreams.org/view/2012/06/25-0
The TPP negotiations have been going on for two years under extreme secrecy, no information has been made available to either the press or Congress about the US position. But on June 12th a document was leaked to the watchdog group, Public Citizen, revealing the current US position and the reason for the secrecy. The contents are surreal and shocking, and prima facia evidence for how corporations have become the master puppeteers of our government.
The leaked document reveals that the trade agreement would give unprecedented political authority and legal protection to foreign corporations. Specifically, TPP would (1) severely limit regulation of foreign corporations operating within U.S. boundaries, giving them greater rights than domestic firms, (2) extend incentives for U.S. firms to move investments and jobs to lower-wage countries, (3) establish an alternative legal system that gives foreign corporations and investors new rights to circumvent U.S. courts and laws, allowing them to sue the U.S. government before foreign tribunals and demand compensation for lost revenue due to US laws they claim undermine their TPP privileges or their investment “expectations.”
Read more: http://www.commondreams.org/view/2012/06/25-0
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