Obama has reversed yet another campaign promise and is holding top secret negotiations for an agreement which would not only relieve corporations of regulations but create a “parallel system of justice”.
The agreement, the Trans-Pacific Partnership, or TPP, would create a non-governmental corporate tribunal, which all signatory countries would submit jurisdiction under, that could levy unlimited fines against governments to be paid to corporations for such “violations” as regulatory costs, or “unfair treatment” if subjected to the same laws as citizens.
Lori Wallach, director of the fair trade group Public Citizen’s Global Trade Watch, who’s organization was given the leaked draft chapter of the TPP (the only reason this secretive agreement has seen the light of day) went on Democracy Now! to discuss the dire consequences this agreement may have for the global community:
“The reason why it is so incredibly important that this agreement be exposed is this could well be the last agreement that’s negotiated…This one could be the end, because what they intend to do is leave it open, once it’s done, for any other country to join. So, this is an agreement that ultimately could have the whole world in it as a set of binding corporate guarantees of new rights and privileges, enforced with cash sanctions and trade sanctions. It is not an exaggeration to say that the TPP threatens to become a regime of binding global governance, right at the time that the Occupy movement and movements around the world are demanding more power and control. This is the fightback.”
Full Democracy Now! interview here: