Fast Track, TPP and TTIP Should Be Scrapped! Thilo Bode in his new book “The Free Trade Lie” (March 2015) calls the TTIP “Impudence”
How scandalous that communities and states could lose sovereignty to corporations! In the TTIP, corporations can sue states for lost profits. In the secret negotiations, only 600 corporate lobbyists have access to the free trade agreements, not congresspersons or citizens! Corporations are put on an equal level with states. The threat of a lawsuit can have a chilling effect on labor and environmental protective regulations.
A parallel private administrative system (ISDS) is created that privileges foreign investors over labor and the environment. Philip Morris, Violea, Vattenfall, Occidental Petroleum, Pacific Rim and Metalclad are flagrant examples of profit worship. Public interest legislation can be called a trade barrier or indirect expropriation.
A reading sample of “The Free Trade Lie” is available here: