It is interesting to dissect which governments and nation states are simply vassals of Washington hegemony, and which actually put their people and priorities first. Earlier this week a German court ruled that a major provision within the TTIP is without cause because corporations shouldn’t have, and don’t need a separate non-sovereign court system to mediate over financial disputes between companies and governments. But on the other side of the pond, countries residing under U.S. dominion as Pacific Rim economies met in New Zealand and happily signed away their own sovereignty by agreeing to the terms of the Trans-Pacific Partnership (TPP).
The TPP is a trade agreement which was written under the cloak of secrecy, and carries with it new and powerful tools to allow corporations to stand outside the authority of nations and borders, and to even be allowed to sue a country if that government enacts policies that might cause fiduciary harm to those corporations.
In response to this, thousands of people in New Zealand protested the signing of this agreement.
Thousands in New Zealand protested the Trans-Pacific Partnership (TPP) on Thursday, shutting down traffic in the city of Auckland, where trade ministers from 12 countries gathered to sign the controversial deal.
TPP is intended to deregulate trade among signatories – the United States, Australia, New Zealand, Brunei, Canada, Chile, Japan, Malaysia, Mexico, Peru, Singapore and Vietnam – which together make up 40% of the world economy.
Critics of the hotly-debated trade agreement, which was negotiated in unusual secrecy, say the TPP will undermine standards and regulations for environmental protection, health and safety, and workers’ rights.
“Basically it eats away at New Zealand’s sovereignty and the whole process was undemocratic,” Rowan Brooks, one of the organizers of Thursday’s protest, told Al Jazeera. “The agreement gives power to corporations and takes it away from the people.” – Sputnik News
The rush to pass TPP and its European based partner, the TTIP is in response to the rise of an Eastern coalition of free trade partnerships that are not only eating away at Western trade, but also threatening the dollar’s place as the global reserve currency.
The likelihood of the TPP and TTIP coming to their full fruition is up in the air as the next global financial collapse is currently underway. But along with the economic turmoil that is brewing in these economies is a growing revolt against political authority, and yesterday’s protests could very well be a microcosm of the future as people slowly begin to fight back against oligarchical and fascist governments.
Simply look at who is leading in the polls for the chance to be the next President of the United States.
Kenneth Schortgen Jr is a writer for Secretsofthefed.com, Examiner.com, Roguemoney.net, and To the Death Media, and hosts the popular web blog, The Daily Economist. Ken can also be heard Wednesday afternoons giving an weekly economic report on the Angel Clark radio show.