Can a “Dracula Strategy” Bring Trans-Pacific Partnership into the Sunlight?
While the election season seized everyone’s attention, government officials and 600 official corporate “advisors” were working behind closed doors to complete the Trans-Pacific Partnership (TPP).
Negotiations have been cloaked in unprecedented secrecy and its proponents have mislabeled the TPP as a “free trade” agreement. In reality, the TPP is about much more than trade. It threatens a stealthy, slow-motion corporate coup d’etat, formalizing and locking in corporate rule over most aspects of our lives.
The public, Congress, and the press are locked out, but the 600 official corporate advisors have access to the negotiating texts.
Thirteen years ago, at the World Trade Organization’s (WTO) Seattle Ministerial, a similar threat in the form of a massive expansion of the powers and scope of the WTO was stopped.
At the Battle in Seattle, the immovable object called grassroots democracy was victorious over the allegedly unstoppable force of corporate-led globalization. The “Doha Round,” which followed two years later and continued the attempt to expand the WTO’s reign, was alsoderailed thanks to tenacious campaigning by organizations and activists worldwide.
Recalling these historic moments, when people power stopped the dangerous expansion of corporate power, is especially sweet today, when we must again act to safeguard these inspiring victories. All of us who will live with the results must become active to stop the TPP, the latest iteration of corporate coup via “trade” agreement.
What would the TPP do?
Eleven countries are now involved—Australia, Brunei Darussalam, Canada, Chile, Malaysia, Mexico, New Zealand, Peru, Singapore, Vietnam, and the United States—and there is an open invitation for more to join. Think of the TPP as a NAFTA on steroids, which could encompass half of the world.
Foreign firms could extract unlimited amounts of taxpayer money as compensation when investors claim that U.S. government actions undermine their expected future profits. Seriously.
This is the largest, most potentially damaging agreement since the 1995 establishment of the WTO. And you may never have heard about it before. That’s because the negotiations, which have been underway for three years, are being conducted in extreme secrecy. The public, Congress, and the press are locked out, but the 600 official corporate advisors have access to the negotiating texts.
The TPP is the latest strategy by the same gang who got us into the North American Free Trade Agreement (NAFTA) and pushed for the expansion of the WTO: American job-offshorers like GE and Caterpillar; banksters like Citi; pharmaceutical price-gouging giants like Pfizer; oil, gas, and mining multinationals like Chevron and Exxon; and agribusiness monopolists like Cargill and Monsanto.
They’ve misbranded the TPP as a model 21st-Century “trade” deal to try to sell it with the usual false promises of it expanding exports. But only two of the TPP’s 29 chapters are about “trade.”
Most of the TPP’s proposed provisions instead comprise a corporate power grab. The TPP would include extreme protections for foreign investors, which would help corporations offshore American jobs to low-wage countries. These terms would require governments to provide foreign investors a guaranteed “minimum standard of treatment” when they relocate, including special privileges and rights that domestic firms and investors do not enjoy. Foreign firms—or foreign subsidiaries of U.S. firms—could extract unlimited amounts of taxpayer money as compensation when investors claim that U.S. government actions undermine a corporation’s expected future profits. Seriously.
The preceding article originally appeared in its entirety here at Yes Magazine.