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by Ken Sievers, WikiLeaks Party member

What is the TPP?

The Trans-Pacific Partnership (TPP) is the so-called “free trade” agreement currently under negotiation between the US, Australia and several other countries. [1] The US hopes to finalize these negotiations by October this year.

The goal of the TPP is to make it easier for big business and international corporations to act across borders without interference from states. The TPP will effectively erode state oversight in favour of corporate freedom in areas such as the environment, workers rights, food safety, internet freedom, the costs of medicine, and financial regulation. tpp

Probably the most dangerous feature of the agreement as it now stands is the introduction of an Investor State Disputes Settlement (ISDS) system, in which foreign corporations are allowed to sue countries in order to protect the profitability of their investments.

The TPP is another step in the direction of total market deregulation in the interests of international big business and is another threat to Australia’s national sovereignty. What is at stake is democratic society’s ability to regulate a market economy in the broad public interest. The TPP would constitute a further shift of power towards corporate rule without the normal means of democratic accountability, such as elections, advocacy and public protest. Continue Reading…