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Octafish

(55,745 posts)
17. These are the fellahs who'll make a killing off TPP.
Fri Sep 20, 2013, 05:41 PM
Sep 2013

An example of the future of Global Capital:



MoreTobacco, Less Health Care

Trans-Pacific Partnership Secrecy Tightens

by PETE DOLACK
CounterPunch WEEKEND EDITION SEPTEMBER 6-8, 2013

The secret Trans-Pacific Partnership is about to become even more secret, perhaps seen as a necessity in light of plans to make it easier for tobacco companies to sue while making health care more difficult to obtain.

The governments negotiating the draconian TPP still don’t want you to know what’s in it. Many of them issued cheery press releases congratulating themselves for the “progress” they made last week in Brunei. But you will search in vain for any information on what TPP negotiators are up to. They will now end their practice of “consultation” — the August 23 to 30 negotiations (the 19th round) are the last scheduled. Instead, negotiators will begin to meet in unannounced meetings.

In other words, not only is the text of the TPP to remain a secret, the negotiations themselves are to now be secret.

SNIP...

Yes to tobacco, no to medicine

The Obama administration has consistently pushed for the most draconian rules. Washington’s latest outrage concerns regulations on tobacco products, universally opposed by tobacco companies. Early drafts of the TPP included “safe harbor” provisions protecting national tobacco-control measures — such as package warnings and advertising and marketing restrictions — from corporate challenges. But the Obama administration has reversed course under tobacco industry and U.S. Chamber of Commerce pressure, intending to severely limit the ability of signatory governments to maintain their laws.

The Office of the U.S. Trade Representative said its counter-proposal would “contain a general exception for matters necessary to protect human life or health” and add a provision that a complaining “party” (that is, a corporation) must first meet with “health authorities … to discuss the measure.”

Note that there is nothing in the proposal that prevents a complaining “party” from suing to overturn a regulation following a discussion. And the “general exception” is meaningless as the arbitration boards that hear investor complaints (controlled by entities such as the World Bank) consistently rule that any environmental or safety rule that reduces a corporation’s profits be overturned. For example, Canada was forced to pay Ethyl Corporation $13 million and issue an apology because it had banned a gasoline additive that causes neurological damage and contributes to air pollution. This additive was already banned in the U.S., where Ethyl is based, but the chemical company claimed Canada’s ban “expropriated” its profits.

CONTINUED...

http://www.counterpunch.org/2013/09/06/57437/



PS: You are most welcome, rhett o rick! Very much appreciate that you grok the situation and what is coming.

Recommendations

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Great toon! K&R nt Zorra Sep 2013 #1
Thanks! Here's Simpson's real teet. Octafish Sep 2013 #2
Table 1: The World’s Top 35 Asset Management Firms, in Billions of Dollars (2012) Octafish Sep 2013 #3
This isn't real money. Is it derivatives exposure? AtheistCrusader Sep 2013 #4
OP source 21. “The Top Asset Management Firms 2012, Banks around the World,” June 30, 2012, Octafish Sep 2013 #6
Yeah, I think this is deriviatives. They don't actually possess that money, it's a swirling morass o AtheistCrusader Sep 2013 #8
Agree, totally. The sad part is, they've got the US taxpayer on the hook for so much of it. Octafish Sep 2013 #10
Got the answer...I think... Octafish Sep 2013 #12
Trickle down DOES work; just ask the paid disruptors! Divernan Sep 2013 #5
Thanks, Divernan! I've got a fave or two. Octafish Sep 2013 #7
They will not allow anyone to change this. Even an armed insurrection will not be successful. L0oniX Sep 2013 #9
That ref blew a call against the Lions. Octafish Sep 2013 #11
More importance and truth in this little thread woo me with science Sep 2013 #13
Thanks, woo me with science. I'd hoped the 1912 cartoon would prove effective... Octafish Sep 2013 #14
Important thread, thanks for posting. Will have to spend more time on this. nm rhett o rick Sep 2013 #15
These are the fellahs who'll make a killing off TPP. Octafish Sep 2013 #17
Kick. woo me with science Sep 2013 #16
Corporate Power is dwarfing Democracy and Justice and Peace... Octafish Sep 2013 #18
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