Media 42: Why didn’t the Richmond and Twickenham Times publish this letter?

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Jim McCluskey, informed by his experience in the world of civil engineering, writes:

“In my previous letter I warned that the secret negotiations for a Transatlantic Trade and Investment Partnership (TTIP) will transfer power from government to multinational corporations. TTIP aims to remove regulations which limit the potential profits of transnational corporations. It gives corporations the power to sue governments if the corporation alleges protective legislation threatens their profits”.

He quotes a view, held by many commentators, that ‘TTIP elevates transnational capital to a legal status equivalent to that of the nation state’:

Disputes between government and corporations will be dealt with in secret in front of a tribunal composed of a small clique of lawyers. The system is called ‘Investor State Dispute Settlement’ (ISDS). Corporations are already suing governments under investor-state regulations- over 500 known cases have now been filed against at least 95 countries:

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“Regulations which could be under threat include those which protect labour rights, food safety, genetically modified organisms in plants and animals, regulations regarding toxic chemicals, banking safeguards and digital privacy”.

Jim McCluskey hopes that readers will consider asking their MP why our government is secretly negotiating to pass massive powers to corporations.


Posted on March 5, 2015, in Banking, Banking and finance, Conflict of interest, Economy, Environment, EU, Government, Health, Lobbying, Media, Planning, Privatisation, Vested interests and tagged , , , , , , , , . Bookmark the permalink. Leave a comment.

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