Friday, November 15, 2013

TPP: Capitalism takes on Democracy (Democracy is losing though)

This agreement sounds terrible for us regular people - another way for Corporations to pick our pockets.

Unlike treaties and conventions, these agreements have a key third party: investors and corporations. Lambert notes (emph. in orig.) “the tribunal can order your government to pay an investor for damages to their investment which may, as we saw in the definition of investment, include expectations of a return” (lest you think he’s being alarmist, he also links to a couple of examples). A major trade agreement, negotiated in secret, in anticipation of being hustled through Congress does not smack of democratic process - even if all the forms are technically observed.

http://www.pruningshears.us/pruning-shears/2013/11/14/capitalism-takes-on-democracy.html

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