Well, thanks to some encouraging ruckus in the last few months, you may actually have heard of TTIP: the anodynely-acronymed “Transatlantic Trade and Investment Partnership”. In plain English, it’s a massive trade deal between the EU and North America which could affect everything from healthcare choices to government banking regulations to the air we breathe. (And it gets better, TPP is the US-Asia Pacific counterpart.)
Activists and even some politicians have been up in arms about one particularly nasty element of these behemoths, which together will cover almost 50 percent of global GDP. That element is the proposed secret courts where, in theory, oil companies could sue governments who try to bring in green-friendly policies, tobacco companies could challenge advertising restrictions, and private healthcare providers could pick apart what’s left of national health services. To name a few.
Don’t mention the deal behind the curtain
made a mockery
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What we do know, however, are the lessons from recent history. As Saskia Sassen, who has looked at this question for decades, points out: time and again, when global corporations gain rights through free trade deals, citizens lose out–in large part through a negative boomerang effect of job losses and wage stagnation that cheaper goods just don’t compensate for.
mill of UKIP
Exposing and challenging this unaccountable “Nafta on steroids” is just what openDemocracy was made for. And here is where we’re doing it. See what Frances O’Grady, head of the TUC; Saskia Sassen at Columbia University and John Hilary of War on Want have to say about it, along with many others, and join the debate.