Will TPP and TTIP Ultimately Provide Terrorists Groups with the Gift of Valid Propaganda against Capitalism?

Hugh J. Campbell Son of a steelworker, Philadelphia, Pa.

 The re-enserfment of Western peoples is taking place on several levels:

-The offshoring of jobs. Americans, for example, have a shrinking participation in the production of the goods and services that are marketed to them

-The financialization of the Western economy about which Michael Hudson is the leading expert (Killing The Host). Financialization is the process of removing any public presence in the economy and converting the economic surplus into interest payments to the financial sector.

-Depriving We-The-People of political rights. The Trans-Pacific and Trans-Atlantic Partnerships eliminate political sovereignty and turn governance over to global corporations.

These so called “trade partnerships” have nothing to do with trade. These agreements negotiated in secrecy grant immunity to corporations from the laws of the countries in which they do business. This is achieved by declaring any interference by existing and prospective laws and regulations on corporate profits as restraints on trade for which corporations can sue and fine “sovereign” governments.

The corporations are buying power cheaply. They bought the entire U.S. House of Representatives for just under $200 million. This is what the corporations paid Congress to go along with “Fast Track.”

Once these partnerships are in effect, government itself is privatized. There is no longer any point in legislatures, presidents, prime ministers, judges. Corporate tribunals decide law and court rulings.

Armed with rulings from these corporate tribunals Trans-National corporations will undoubtedly increase their destructive behavior, thereby providing terrorists groups with valid ammunition against capitalism.

***

To submit a blog to Union Matters, e-mail it to bstack@usw.org. Keep it to 250 words or fewer. You MUST include your full name, hometown, and state. You may attach a photograph of yourself. Please include a phone number. This WILL NOT be published. Posting any given blog is within the discretion of the USW. No blog using foul language (this is a family site), false information (we don’t want to get sued), or unnecessary personal attacks (again, we don’t want to get sued) will be used. Wait a reasonable period of time, then blog again!

Hugh Campbell is a seasoned financial professional, currently providing subject matter expertise on a variety of regulatory topics, including the Dodd-Frank Act, the Foreign Account Tax Compliance Act (FATCA) and overall compliance monitoring. Hugh has previously held positions as Chief Risk Officer (CRO), Chief Audit Executive (CAE) and Director of Sarbanes-Oxley (SOX) Compliance.

Posted In: Union Matters

Stronger Together

Stronger Together