Ecuador rips up 16 toxic treaties.. Corporate Vulture-Courts stole $21 billion

Image result for investor state dispute settlement by   Nick Dearden / Global Justice Now           Ecuador is the latest country to tear up ‘free trade’ agreements that have so far cost the country $21 billion in damages awarded to foreign companies by ‘corporate courts’, and yielded next to nothing in return, writes Nick Dearden. So the outgoing President Correa did the only sensible thing: in one of his final executive acts this month, he scrapped 16 toxic trade and investment treaties.Image result for investor state dispute settlementThese treaties not only failed to attract additional investment, they also diverted millions of dollars of government money to fighting costly lawsuits. We hope other governments will learn from Ecuador’s example.

Ecuador has struck another blow against the power of big business, ripping up 16 trade deals with countries including the US and UK…. Continue reading “Ecuador rips up 16 toxic treaties.. Corporate Vulture-Courts stole $21 billion”

Madrid joins Cities that reject the TTIP Capitalist Coup

 BThe Madrid City Council rejects “any mechanism by which foreign companies can sue in private courts measures taken in the public interest, such as its decision to stop using glyphosate or redistricting of funeral services”, as in its current form would allow trade agreements that the European Union wants to formalize with Canada (CETA, for its acronym in English) and United States (TTIP, for its acronym in English)… Continue reading “Madrid joins Cities that reject the TTIP Capitalist Coup”

TTIP Corporate Power Grab BLOCKED …then allowed through as Senators SELL OUT !

LATE NEWS UPDATE

Only 2 days later in a new vote 14 Senators changed their mind after MASSIVE GRAFT AND POLITICAL PRESSURE.
Not only are they now in favour but have voted away their power to delay the ‘fast tracking’ of the Corporate Coup d’Etat by the 1%.
So much for printing good news.. the article below is CANCELLED
http://riseuptimes.org/2015/05/14/reversing-grassroots-win-us-senate-approves-fast-track-trade-measure/


Are the Wheels Starting to Fall Off TTIP?

‘The battle isn’t over,’ writes Dearden, ‘but yesterday’s vote should give campaigners everywhere real hope.’ (Image: Global Justice Now)

In a shock vote for President Obama yesterday, the Senate blocked a bill that would have allowed him to ‘fast track’ trade agreements like TTIP. Although only a procedural vote, the fact that Democrats in the Senate united to dismiss the motion makes it significantly less likely that Obama will succeed, with commentators saying Obama’s trade strategy is now ‘in tatters’.

Continue reading “TTIP Corporate Power Grab BLOCKED …then allowed through as Senators SELL OUT !”