As the EU periphery has shown, cutting wages – as bad as that is – does not necessarily translate into the creation of new jobs. But then, who would win?
Resistance not only from certain quarters of the largely disenfranchised public but also from the least likely national governments.
These new trade pacts contain little related to trade. So what are they really about?
Germany has learned a lesson: it’s being hounded by a foreign corporation over its nuclear energy policy
Meet the secretive powers behind the trade negotiations that attempt to rewrite US and EU laws and regulations to their liking and beyond democratic controls.
Quietly, the rules governing global trade and financial markets are being changed. Despite the enormous impact they have on our lives, the public is not consulted. Most people are not even aware it is happening.
By Don Quijones: The new trade agreements have little to do with promoting free trade. They’re about extending the power and control of the world’s largest corporations.
By Maira Sutton, Electronic Frontier Foundation: Under pressure from multinational corporations, the White House wants authority from Congress to run over Congress’ constitutional powers. The zany, secretive power play of trade deals.
Now “trade agreements” are negotiated behind sealed doors, without public oversight, beyond the reach of Congress. The text of the Trans-Pacific Partnership is secret, but some sections were leaked. It deals with trade only on the margins. Corporate interests dominate. It mocks democracy, establishes kangaroo courts, and taxpayers are on the hook.
By Don Quijones: 58% of the world’s biggest 150 economic entities aren’t countries but corporations. Royal Dutch Shell’s revenues exceed the GDPs of 171 countries, making it the 26th largest economic entity in the world. And the balance of power is shifting rapidly.