U.S. and EU officials are working on the Transatlantic Free Trade Agreement (TAFTA), also known as the Transatlantic Trade and Investment Partnership (TTIP). They’re meeting in Washington, D.C. right now for their next round of negotiations.
“This agreement has been touted as a way to “’raise standards’” and strengthen the ties between the EU and the U.S. However, there are concerns that TAFTA could be used to undermine public interest laws and safeguards on both sides of the Atlantic by giving corporations new rights to challenge local laws and requiring domestic policies to conform to the provisions of a “trade” deal that would never survive the scrutiny of regular, democratic legislative procedures. The basic question about TAFTA is whether it will strengthen or undermine the laws, rules and regulations that protect labor, food, drugs, consumers, the environment and democratic processes.”
However, if TAFTA is like all the previous trade scams before it, the goal of the governments involved is to weaken public input into to political decisions being made by the 1 percent, which is typically to pass legislation to redistribute income and political power from the 99 to the 1 percent.
In Europe, in say, England and France, labor union leaders can marshal millions of people into a strike on short notice, paralyzing the economies of those nations, forcing their governments into quick negotiations. This is one way they can stand up against corporate power successfully. Corporations are nothing more than “organized money,” and that money is used to purchase politicians on both sides of the Atlantic, and that includes virtually every congressman and senator and every white house administration since Ronald Reagan in the US, and probably half the politicians in the federal governments of France and Germany.
TAFTA would undermine laws that protect the 99 percent from the depravations and political games of the parasites of the 1 percent.
If the history of these investor trade treaties are any indication, TAFTA will limit the financial regulation of Wall Street, which means that if another Franklin Roosevelt becomes president, i.e. an honest politician, which includes somebody such as Senator Elizabeth Warren, that person’s ability to push legislation that curbs the financial power of investment firms (such as Goldman Sachs and various hedge funds) to commit fraud against US citizens and wreck the economy in the process will be limited by these treaties, especially since the prospects are that TAFTA will include investor-state dispute resolution in secret tribunals presided over by corporate lawyers.
TAFTA, like NAFTA and the looming Trans Pacific Partnership (TPP), should provoke consumer concerns on data, privacy and health, as well as limit “localization” laws such as “Buy America” and Green Jobs programs. In particular, the primary goal of the TPP is to safe guard investor profits and push the prices of goods higher for the 99 percent, which is nothing more than an income redistribution treaty since the enhanced profits will go into the pockets of the 1 percent, while the higher prices will be paid for by the 99 percent. This is called market manipulation by corporate treaty, and has nothing to do with free trade, free men and women, or free markets. It’s much more feudal than that.
The TPP and TAFTA treaties, like NAFTA, are going to include provisions limiting environmental, health, and safety laws. They will likely include provisions that if any state or local law is passed which might save lives by limiting poisons that foreign corporations can sell in the US, the corporations whose sales of such products are reduced by such laws will be able to seek compensation for the loss of supposed future profits against any government that passes such laws, and in secret tribunals presided over by corporate attorneys.
These treaties are an example of how corrupt the US government is, totally rotted to the core by the 1 percent, and against the interests of the 99 percent.
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