This maybe one of the most important stories ever ignored by the "lame stream, liberal" media. It’s unlikely you’re losing sleep over US trade negotiations, but the unfolding business agreement between the US and eight Pacific nations --the Trans-Pacific Partnership (TPP) -- should cause every US citizen, from the Sierra Club to the Tea Party to get their pitch forks and torches out of the closet and prepare to “storm the Bastille.”Under whose watch is this terrible agreement being negotiated? You know the answer -- it's that socialist president who "hates" capitalism!
The TPP negotiations have been going on for two years under extreme secrecy, no information has been made available to either the press or Congress about the US position. But on June 12th a document was leaked to the watchdog group, Public Citizen, revealing the current US position and the reason for the secrecy. The contents are surreal and shocking, and prima facia evidence for how corporations have become the master puppeteers of our government.
The leaked document reveals that the trade agreement would give unprecedented political authority and legal protection to foreign corporations. Specifically, TPP would (1) severely limit regulation of foreign corporations operating within U.S. boundaries, giving them greater rights than domestic firms, (2) extend incentives for U.S. firms to move investments and jobs to lower-wage countries, (3) establish an alternative legal system that gives foreign corporations and investors new rights to circumvent U.S. courts and laws, allowing them to sue the U.S. government before foreign tribunals and demand compensation for lost revenue due to US laws they claim undermine their TPP privileges or their investment “expectations.”
Despite NAFTA’s failures, corporations are arm-twisting the federal government to pursue trade agreements as inevitable and necessary for economic progress. But 26 of the 28 chapters of this agreement have nothing to do with trade. TPP was drafted with the oversight of 600 representatives of multi-national corporations, who essentially gave themselves whatever they wanted; the environment, public health, worker safety, further domestic job losses be damned.
~ from America: A Fire Sale to Foreign Corporations by Brian Moench ~