General Discussion
Showing Original Post only (View all)The Trans-Pacific Partnership looks like a giant step toward the end of sovereign nations. [View all]
This trade agreement as those that went before it like NAFTA are agreements between nations and corporations. Corporations have become big enough that they can negotiate on a level field with countries. These trade agreements allow certain corporations to by-pass laws and regulations of countries in which they operate. They can by-pass labor laws, environmental laws, and health regulations. If the laws of a country negatively impact a major corporation, that corporation can sue the country. In fact, Swedish energy company Vattenfall reportedly plans to sue the German government, seeking massive damages related to Germany's phase-out of nuclear power. (http://www.spiegel.de/international/germany/vattenfall-vs-germany-nuclear-phase-out-faces-billion-euro-lawsuit-a-795466.html)
Consider the meaning of this. A corporation is trying to flex its power to get Germany, no light-weight, to alter its plans to phase out nuclear power.
From: http://www.nakedcapitalism.com/2013/11/the-global-corporatocracy-is-almost-fully-operational.html#bT84Q6SPHHkwP1C0.99
Theres more at the above link.