America the Beautiful: A Fire Sale for Foreign Corporations

Dr Brian Moench sounds the alarm at Truthout:

This may be one of the most important stories ever ignored by the so-called “lame-stream, liberal” media. It’s unlikely you’re losing sleep over US trade negotiations, but the unfolding business agreement among the US and eight Pacific nations – the Trans-Pacific Partnership (TPP) – should cause every US citizen, from the Sierra Club to the Tea Party to get their pitch forks and torches out of the closet and prepare to “storm the Bastille.”

The TPP negotiations have been going on for two years under extreme secrecy, no information has been made available to either the press or Congress about the US position. But on June 12, a document was leaked to the watchdog group, Public Citizen, revealing the current US position and the reason for the secrecy. The contents are surreal, shocking and prima facia evidence for how corporations have become the master puppeteers of our government.

The leaked document reveals that the trade agreement would give unprecedented political authority and legal protection to foreign corporations. Specifically, TPP would (1) severely limit regulation of foreign corporations operating within US boundaries, giving them greater rights than domestic firms; (2) extend incentives for US firms to move investments and jobs to lower-wage countries; and (3) establish an alternative legal system that gives foreign corporations and investors new rights to circumvent US courts and laws, allowing them to sue the US government before foreign tribunals and demand compensation for lost revenue due to US laws they claim undermine their TPP privileges or their investment “expectations.”

Despite the North American Free Trade Agreement’s (NAFTA) failures, corporations are arm-twisting the federal government to pursue trade agreements as inevitable and necessary for economic progress…

[continues at Truthout]


Majestic is gadfly emeritus.

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16 Comments on "America the Beautiful: A Fire Sale for Foreign Corporations"

  1. Iconography | Jul 11, 2012 at 10:58 am |

    While these are most certainly all issues that need to be addressed, while the MSM/Disinfo are breathlessly and aggressively feting us with these esoteric dalliances of possible future dystopias, people like Denise Rich are buying presidential pardons from Bill Clinton then renouncing their U.S. citizenship to skip taxes –

    • You’re not trying to make sure we read what CNN/MSM are breathlessly and aggressively pounding out about all the cartoonish,
      villainous songwriters you want to whip us into hysteria over so as to divert our attention from the TPP now, are you?

    • charlieprimero | Jul 11, 2012 at 8:47 pm |

      What’s wrong with renouncing U.S. citizenship?

      You shop insurance and cell plans to find the best deal.  Why not your local tax mafia?

  2. I wonder if we’ll have any choice as to which Business owns us, or if it’ll depend on which patents our personal DNA?

    • Jin The Ninja | Jul 11, 2012 at 1:19 pm |

       we’ll if we’re going the ‘personal’ choice route, i’ll choose umbrella corp. nothin’ says people power like a mutated t-virus arm/scythe.

      • Anarchy Pony | Jul 11, 2012 at 1:50 pm |

        Really? I’m thinking about Omni Consumer Products. They’ve gambled successfully in areas traditionally considered non-profit. And this whole “Delta City” thing sounds like a winner.

        • Jin The Ninja | Jul 11, 2012 at 5:49 pm |

           well i would definitely re-consider for a paul verhoeven version of a machine gun arm/ cybernetic implant.

  3. there’s a lot of wacky thing that the US dictatorship will do
    but giving away its dictatorial powers ain’t on of them

    but giving foreign corporations
    like IBM, Nike, Apple, Dell etc
    a leg up in the US
    is not beyond the pale

  4. Typical, my pathetic PM standing as close as he can to his lover Obama, grinning away like a fucking idiot  while he divides the land and sells it off to the highest bidder and tries to impress his beloved US political pals by turning NZ into the 51st state. It’s Embarrassing to say the least.

    I don’t know how much coverage the TPP gets in the other involved countries but it’s all over the news here, and not a soul is buying it.

    And the worst part of all this is that the TPP is a New Zealand creation.

    • Jin The Ninja | Jul 12, 2012 at 10:20 pm |

      well ‘our’ pm, just signed an omnibus bill that says US police officers can come on cdn soil to make arrests. if you’re the 51st, we’re the 52nd….

      • Wow, it’s amazing the things our elected officials will do, despite the outcry from the people they pretend to represent and especially when the Great U S of A is involved. I’m sure no one in Canada was impressed by this bill.
        Are Canadian police allowed to make arrests on US soil?

        • Jin The Ninja | Jul 13, 2012 at 6:04 am |

          nope. sovereignty is a one way street in north dakota (i guess).

          • Yeah, I didn’t think it would go both ways. *sigh* what can we do Jin?

          • Jin The Ninja | Jul 13, 2012 at 7:46 pm |

            remain deeply critical of US policy, and in fact deeply critical of all nations founded on colonialism and imperialism (historical and contemporaneous)- including the contemporary incarnation(s) of imperialism aka neo-liberalism, free markets, wars (including but not limited to wars of resources, ethnocentrism, boundary, ideology, religion, and finance), racism, sexism, transphobia, misogyny, class divisions, as well as deeply PRO universal rights, direct democracy and radical ecological princples (while in solidarity with the third world, indigenous peoples and resistance movements worldwide)….. wait did i just describe Noam Chomsky/Murray Bookchin!?!? lol.

          • There are a couple of ideas there that I never really (or ever) considered, more food for thought. Do you do any writtings (other than comment boards) on your ideas? They would be very interesting reads.

  5. Looks like “socialist” Obama is ushering in corporate feudalism.

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