Secret TPP Deal Would Void Democracy
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July 9, 2013 | TRADE AGREEMENTS | Congress will soon debate whether to "fast track" a trade deal that would make job-killers like NAFTA look puny. The Trans-Pacific Partnership would give corporations the right to sue national governments if they passed any law, regulation, or court ruling interfering with a corporation's "expected future profits." They could also sue over local or state laws they didn't like. The TPP would cover 40% of the world's economy. Existing laws and regulations on food safety, environmental protection, drug prices, local contracting, and internet freedom would all be up for challenge. And the decision-makers on such suits would not be local judges and juries; they'd be affiliated with the World Bank, an institution dedicated to corporate interests. Can it be stopped? Continue reading here. Related: TPP is bad for the economy, bad for workers and bad for the environment.
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