Friday, 15 November 2013

TPP: From corporation personhood to corporate nationhood

The secretive Trans-Pacific Partnership agreement is the Obama administration’s bid to perpetuate US hegemony in Asia and lay the groundwork for a Pacific century led by American corporate and military muscle.

Although proponents of the TPP may claim that its focus is to help the economies of signatory countries create comprehensive market access, eliminate barriers to trade, improve labor rights and encourage environmental protection, every indication suggests that the wide-ranging agreement intends to maximize dramatically corporate revenues at the expense of public health and safety, civil liberties and national sovereignty.

While the significant majority of the draft text remains inaccessible and shielded from public scrutiny due to draconian non-disclosure agreements, leaks made available by courageous individuals via WikiLeaks indicate that this trade deal intends to champion corporate rights and blur the divisions between governments and multinationals. In essence, the stipulations of the trade deal would make governments – including their national laws to regulate public and environmental health – subservient to corporations and their maximization of profits.

Read the full story on RT.com

Nile Bowie is a Malaysia-based political analyst and a columnist with Russia Today. He can be reached at nilebowie@gmail.com.