Pharmaceutical giant Eli Lilly is suing Canada for $500 million, just because Canada has laws to keep essential drugs affordable. Tobacco giant Philip Morris is suing Australia for billions of dollars in lost profits because the government took action to reduce teenage smoking.
Worst of all, these cases are happening in secret international courts to which only corporations have access.
Now, details are leaking of two global trade pacts that would massively expand the power of corporations to sue our governments. Countries from Canada to Australia and from the EU to the USA are negotiating right now — and some could be just days from signing up.
Thousands of corporate lobbyists are helping to write these secret pacts — but the public isn’t allowed to see them. Global governments know that the public won’t like these corporate power grabs, so they’re hoping to keep them under the radar until it’s too late to stop them.
The Trans-Pacific Partnership (TPP) and the Transatlantic Trade and Investment Partnership (TTIP) are called a trade deals, but both are corporate wish-lists aimed at attacking everything from environmental protections to affordable medicines to internet freedoms. Worst, they give corporations impunity from governments or citizens that want to reign in their power.
In fact, they’re probably the most important international treaties you’ve never heard of. The TPP is being negotiated between the United States, Canada, Australia, Japan and other Pacific countries, while the TTIP involves the US and every EU member state — making these pacts truly global in scope.
There’s lots wrong with the these trade deals, but the unaccountable systems they would set up to allow corporations to sue governments are one of the most frightening. If they are signed, future laws designed to protect consumers, our health, and our environment could be overturned in secret courts by corporations that claim the laws harm their profits — and there is nothing we or our elected governments could do to stop them.
Corporate lobbyists and government insiders are keeping the text of the deals secret because they know that if the full details got out into public view, we wouldn’t like what we saw. But we already know enough through leaks to know they are really bad. We can’t let them sail through without public scrutiny
More Information: How the TPP would impact corporate power: http://act.sumofus.org/go/3023?t=4&akid=3026.929328.2fHJt7