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The Trade in Services Agreement exposed in a 17 document dump by Wikileaks on Thursday relates to ongoing negotiations to lock market liberalisations into global law.
Wikileaks says that corporations would be able to use the law in its current form to hold sway over governments, deciding whether laws promoting culture, protecting the environment or ensuring equal access to services were ‘unnecessarily burdensome’, or whether knowledge of indigenous culture or public services was essential to achieve ‘parity’.
The purpose of the Transatlantic Trade and Investment Partnership is to remove the regulatory differences between the US and European nations. I mentioned it a couple of weeks ago. But I left out the most important issue: the remarkable ability it would grant big business to sue the living daylights out of governments which try to defend their citizens. It would allow a secretive panel of corporate lawyers to overrule the will of parliament and destroy our legal protections. Yet the defenders of our sovereignty say nothing.
These companies (along with hundreds of others) are using the investor-state dispute rules embedded in trade treaties signed by the countries they are suing. The rules are enforced by panels which have none of the safeguards we expect in our own courts. The hearings are held in secret. The judges are corporate lawyers, many of whom work for companies of the kind whose cases they hear. Citizens and communities affected by their decisions have no legal standing. There is no right of appeal on the merits of the case. Yet they can overthrow the sovereignty of parliaments and the rulings of supreme courts.
originally posted by: onequestion
a reply to: FamCore
Like I said, leverage.
The UN has only the leverage we give it they have no real power. The corporations have leverage through economy. Leverage = power in the business world and because of how heavily invested into these companies and banks and how reliant we are on them we give them power.
Its a weapon when understood and applied practically in business can give you massive advantages.
originally posted by: Isurrender73
a reply to: onequestion
Even if the tyrants were to pass this, we are a sovereign nation and can repeal anything the people agree to repeal.
Why does everyone think that the law is the law?
This is America, the law is whatever we say it is. We can change it whenever we want and that includes our international agreements.
When you enter into an agreement with a sovereign nation, the people of that nation maintain thier sovereignty and thus maintain the ability to change their minds.
This is not complicated. You cannot rule a free sovereign nation with unjust laws. We will change them. And we will fight if necessary.