The Transatlantic Trade & Investment Partnership (or TTIP) is called a "trade treaty". But if agreed, the TTIP would actually hand corporations the power to overturn democratically decided laws, on everything from environmental protections to food safety, through a system of secret courts that only corporations would have access to.
European leaders are already nervous about how the public might react, and are not sure what to do. Under pressure, the EU is about to launch a big public consultation about the proposed system of secret corporate courts -- but there’s a real danger that the loudest voices will be the giant corporations that stand to benefit. I'm guessing we don't have long to power that once again people power can trump corporate power.
The trade deal between Europe and the US wouldn’t be the first one with these sorts of rules. We’re already seeing what this means in practise:
- In Australia, tobacco giant Phillip Morris is suing the government for its tough anti-smoking laws.
- The German government is being sued by Vattenfall, a Swedish energy giant, for phasing out nuclear power.
- The pesticide giant, Dow Chemical, were able to sue the Canadian government when it tried to stop Dow selling a controversial pesticide.
The very fact that Europe has been forced to open up parts of the deal to public consultation shows that pressure is building, and that this deal might not pass. The consultation only deals with "investor-state dispute settlement" -- but these are the rules that allow corporations to sue governments, and are some of the most worrying parts of the proposed TTIP. We now have a real chance to get some of the worst aspects struck out of the deal for good -- and we should grab it, and keep fighting to end this threat to democracy. Cause personally I don't want to hear democracy dying to thunderous applause.
Can you tell European leaders to reject the TTIP and stop the corporate power grab?
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