TTIP — the Tipping Point for Collapse of Democracy?Posted: October 26, 2015
TTIP — Transatlantic Trade & Investment Partnership — sounds innocent enough, but its range is frightening. And this trade deal being negotiated between the EU and the USA is SECRET. Even members of the European Parliament can read the draft documents only under supervision,and they are not allowed to take phones, tablets, computers or pens into the locked room where the documents are kept. It’s all about protecting commercial interests, you see.
We do know that about 3.2 million people have signed an anti-TTIP petition to the European Commission, and that if the treaty comes into force, open competition in the supply of goods and services — health, education, media and more — will favour powerful multinationals over small local businesses and community not-for-profit enterprises.
TTIP is profoundly, alarmingly anti-democratic. From what is known so far, it would give businesses power over governments. If a corporation believes a government law or regulation would reduce its profits, it could take that government to court. As it stands, a secret court.
More in ‘Solving the Grim Equation‘, pages 191-194