Thursday, February 28, 2013

The Trans Pacific Partnership (or is it?) [Article]

Most of us won't care about it- yet, the US corporate sponsored TPP (Trans Pacific Partnership) will soon inflict more misery on the world through an intricate, very secretive partnership between countries that is being pushed though their respective parliaments to become law. Essentially, the plan is to skirt domestic laws and courts and privately enforce the terms of a public treaty by directly challenging governments’ public interest policies before foreign tribunals to demand unlimited sums of taxpayer compensation. The premise for including such extreme extra-judicial enforcement procedures in past agreements has been that the domestic legal systems of developing country trade partners have not been sufficiently trustworthy. Japan is the latest country getting ready to sign up.