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Australian news, and some related international items

The Trans-Pacific Partnership: Empowering Corporations to Attack Nations

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From Public Citizen:
The Trans-Pacific Partnership: Empowering Corporations to Attack Nations
Public Citizen, cc-by-nc-nd
Incentivizing Corporations to Offshore Our Jobs and Attack Our Laws

The Trans-Pacific Partnership (TPP) would grant foreign corporations extraordinary new powers to attack the laws we rely on for a clean environment, essential services, and healthy communities. Foreign corporations would be empowered to bypass domestic courts and directly “sue” the U.S. government before a tribunal of private lawyers that sits outside of any domestic legal system. These lawyers would be authorized to order the U.S. government to hand millions of our tax dollars to the corporations for laws that they find inconvenient.

How could foreign corporations attack domestic health, environmental and financial protections that local companies have to follow? The TPP would give foreign firms special privileges, including the ability to challenge new policies – from Wall Street regulations to climate change protections – because they frustrated the corporations’…

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June 11, 2015 - Posted by | Uncategorized

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