Obama lambasted opponents of free-trade agenda, arguing opponents are ignorant of the benefits

[rhett o rick]

127. A lot of people have looked at parts of the TPP and written about the damage that will be done.

No one has contradicted their arguments.

Re. sovereignty, this is what Sen Sanders says:

U.S. sovereignty will be undermined by giving corporations the right to challenge our laws before international tribunals.

The TPP creates a special dispute resolution process that allows corporations to challenge any domestic laws that could adversely impact their “expected future profits.”

These challenges would be heard before UN and World Bank tribunals which could require taxpayer compensation to corporations.
This process undermines our sovereignty and subverts democratically passed laws including those dealing with labor, health, and the environment.

And Sen Sanders isn't the only one that read the TPP this way.


Also you said, "And bedsides, these disputes would be amongst "corporations"" Not true. Corporations will be able to sue governments including state governments, if those governments take any actions that results in the loss of potential profits.

Swedish utility Vattenfall is suing Germany at the Washington-based International Centre for Settlement of Investment Disputes over the closure of the Brunsbüttel and Krümmel nuclear power plants.

Vattenfall spokesman Magnus Kryssare declined to confirm German media reports that the Swedish company is seeking €4.7 billion ($6 billion) in damages.

Suing for the lose of potential profits. Germany decided to stop using nuclear power and a corporation can sue them. If you tell a coal company that they have to stop polluting a river, they will be able to sue you (state or federal government).

"Based on the confidentiality rules that apply for the process, Vattenfall cannot give any comments regarding the size of the compensation," Kryssare told World Nuclear News today.

The whole process of the suit will be totally confidential.

And this is just a tip of the iceberg.