Wednesday, June 13, 2012

Welcome your new masters, the multinational corps

The Trans-Pacific Partnership (TPP), a forthcoming U.S. trade agreement that looks to solidify a seamless regional economy in the Pacific-rim, would give multinational corporations the power to challenge and even avoid compliance with laws in member countries — including the U.S. — provided a super-national corporate tribunal agrees with their claim.
That’s according to documents leaked this week by the Citizens Trade Campaign, an activist group responsible for leaking TPP proposals on intellectual property last year. The latest leak details a TPP draft chapter on “investments,” which proposes an independent dispute arbitration process that would be empowered to supersede domestic laws or regulatory actions in member states if they are seen as conflicting with the TPP’s framework.
Consumer advocacy group Public Citizen said Wednesday that it “has verified that the text is authentic,” and described the proposals as being fraught with “dangers.”
“It reveals that negotiators already have agreed to many radical terms granting expansive new rights and privileges for foreign investors and their private corporate enforcement through extra-judicial ‘investor-state’ tribunals,” they explained.
“Although TPP has been branded as a ‘trade’ agreement, the leaked text shows that TPP would limit how signatory countries may regulate foreign firms operating within their boundaries, with requirements to provide them greater rights than domestic firms,” Public Citizen’s analysis added. “The leaked text reveals a two-track legal system, with foreign firms empowered to skirt domestic courts and laws to directly sue TPP governments in foreign tribunals. There they can demand compensation for domestic financial, health, environmental, land use laws and other laws they claim undermine their new TPP privileges.”
Read it at Raw Story
U.S. trade proposal would let corporations overrule laws
by Stephen C. Webster

Read the whole thing. It gets worse as it goes.

Erosion of national sovereignty under a "new world order" run by, not the UN as the NWO conspiracy theory warns, but rather stateless multinational corporations.


dave said...

sounds like treason

Matt Franko said...


Here's the USC Section:


Dan Kervick said...

That's moronic.

Unforgiven said...

Well, MERS turned out to be such a time-saver for us, that, uh... well and we've got all this money, see, and well, look... we'll just go along with whatever the courts decide! Fair enough?

Leverage said...

Conspiracy theorists may be right after all. We are full on to a world "government" and new wild world order.

In this NWO nation states lose the rule of law, the ultimate frontier between free raiders and the rest of us. Corporations can do as they please as long as they are 'big enough', we all become servants of the new corporate structures, and the feudal lords at the top of these corporations and banks.

We get in a whole fixed-exchange regime of some sort, euro world wide, and CB & treasuries under 'technocratic' rules transition to mere stakeholders of the international money-corporate system. Their only objective is to guarantee the perpetuation of the system and provide enough liquidity to continue differential capital accumulation. Enough inflation to avoid collapse, but enough deflationary bias so banks an corps can get a bigger and bigger share of the wealth.

Middle class evaporates and income disparity skyrockets. Wealthy people ends up living in closed ghettos surrounded by pockets of poverty and wage-slaves with depressed purchasing power. Social mobility also shrinks more and more and good jobs are scarce (more with progressive automatization). Democracy is just by name, and we live in a functional oligarchic neofeudal society, diminishing energy share gets consumed by the top of the population while the rest just 'survives'.

This is the future, and we won't like it. You just need to go to places like India, Egypt or some latin-american nation to see how it is. This is the new normal and the trend elites are pursuing.

If the path of resistance is too strong, revolutions and wars will happen.

Tom Hickey said...

@ Leverage

That's the plan of "globalization."

Here's what Carroll Quigley had to say. Quigley (1910-1977) was Professor of History at Georgetown University, a member of the Council on Foreign Relations (CFR), and a mentor of Bill Clinton. Definitely read the Wikipedia article on Quigley I linked to.

"The powers of financial capitalism had (a) far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank... sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."  

Carroll Quigley, Tragedy and Hope: A History of the World in Our Time
New York: The Macmillan Company, 1966,
Chapter 20—The Period of Stabilization, 1922-1930.
Download the PDF, and at least look at it. Fascinating stuff. Quigley was real scholar, and he got access to some amazing things through his connections.

This was the plan long ago, and it is now full-on in motion. The EZ is just one of the iterations.

Leverage said...

It's very scary Tom, I think we have to start thinking more seriously about this conspiracies and how true they may be.

The servant 'morons' are playing the game some elites want? I certainly doubt that people in very high places doesn't know how it works and how to skew it to their interests.

The CFR is one of these globalist agenda organisms with a very dark history.

Tom Hickey said...

Knowing who Carroll Quigley was, I think that there is a very low likelihood that he didn't know about this pretty much firsthand. The only question is how much "they" actually let him in on. But it was certainly enough to paint a pretty clear picture of an agenda that has been pursued for decades if not centuries.

From the beginning of finance, financiers understood the power of money creation and finance and they sought to control as much of it as they could. So when someone like Jamie Dimon or Lloyd ("doing God's work) Blankfein says anything we can sure they are talking their book.