Posted by Kevin on December 16, 2015.
I’ve had it suggested that my concern over the Trans-Atlantic Trade and Investment Partnership (TTIP) is a bit extreme (see GDPR passes the finishing post). I don’t believe it is. The section best-known as the Investor/State Dispute Settlement (ISDS) is the primary problem: it removes power from elected governments and puts it in the hands of Big Business. We must stop TTIP.
Consider this comment from the European Digital Rights group, EDRi:
In a letter to the European Parliament, Dutch EDRi member Vrijschrift suggests the Parliament ask the Court of Justice of the European Union (CJEU) whether the investor-to-state dispute settlement (ISDS) is compatible with the EU treaties.
Vrijschrift points out that the ISDS in the trade agreement with Singapore would expose our privacy to interference, expose the EU to claims for damages, compromise the independence of our data protection authorities, and compromise the effectiveness of the Court of Justice of the EU. In essence, the ISDS places investment tribunals above democracies.
In fact, I think the danger is even greater. ISDS exists in all of the big global trade treaties (TTIP, TISA, TPP, CETA). When you put these together, it isn’t a question of Big Business dominating national governments, it’s Big Business dominating all national governments. Admittedly the treaties do not yet cover the entire planet, just the greater part. The rest of the world will inevitably be sucked in just to survive.
We will then have a new world order, effectively controlled and therefore governed by Big Business. Democracy will be dead and consigned to the history books.
Stop TTIP now, before it is too late.Submitted in: Expert Views, Kevin Townsend's opinions |