How America’s ‘News’ Media Killed America’s Democracy: TPP & TTIP
As I reported on Wednesday, a deal was worked out in the U.S. Senate on the early afternoon of May 13th to “Fast-Track” through to approval U.S. President Barack Obama’s proposed trade deals, TPP with Asia, and TTIP with Europe. (It should have been reported on the nightly TV news programs, but most of them ignored it then, and reported the news only the next day when the Senators made it official.)
TPP and TTIP have been represented in America’s press as ‘trade’ deals, but instead they’re actually about sovereignty. They’re about America and the other participating countries handing their democratic sovereignty — on regulation of the environment, consumer protection, worker protection, and finance — over to panels, all of whose members will be selected by the large international corporations that for years have been working with U.S. President Obama’s Trade Representative to draft these “trade” treaties.
If some corporation “C” under these ‘trade deals’ then brings a case to one of those panels and says that country “X” has any regulations regarding the environment, consumer protection, worker protection, or finance, that are stricter than the ones that are set forth in TPP and TTIP, then country X will be assessed to pay a fine to corporation C, for “unfair trade practices” against that corporation.
In other words: these corporate panels will constitute a new international government, with the power to fine countries for exceeding the regulations that are set forth in these international ‘trade’ treaties.
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