All About TTIP & ISDS

Just reading about BHS and how easily money can be made
(if you have the right contacts);

Sir Philip Green bought BHS for £200m in 2002, extracted £400m and then sold it to a consortium for £1 in 2015

The consortium, Retail Aquisitions led by Dominic Chappell, extracted £25m before putting it into administration on Monday (25 April 2016) with debts of over £1.3bn.

No need for them to worry too much about about the £571m pensions black hole left in BHS, which will, in all probability, be largely filled by the Government’s Pensions Protection Scheme.

Nice work if you can get it. Green is said to be worth 3.5billion

If I’d realised the investment would return £25m within a year, I could have offered Sir Philip £2 for it.

All of which serves as a timely reminder of what Corporations might hope to gain if the TTIP deal is concluded in the EU, which was largely the reason Obama was in Europe this week. Little surprise that he should want the UK to remain in the EU.

RT reporter Jonathan Pie’s view of TTIP, January 2016

And from the Independent yesterday;

Mr Obama’s trip to Europe has been seen as an effort to drum up support for TTIP before the end of his time in the White House.

He has been pushing for its completion since parties were scheduled to sign in 2014, promising the treaty would remove “regulatory and bureaucratic irritants and blockages to trade”.

The Transatlantic Trade and Investment Partnership will have “few or no benefits to the UK”, according to the only official assessment of the deal commissioned by the UK Government.

The warning was disclosed in response to a Freedom of Information request by anti-TTIP campaigners Global Justice Now.

‘…the deal could give corporations the power to sue governments when they pass regulation that could hit firms’ profits through an international court called the Investor-State Dispute Settlement (ISDS).’

‘United Nations figures show US companies have made billions of dollars by suing other governments nearly 130 times in the past 15 years under similar free-trade agreements.

Details of the cases are often secret, but notorious precedents include tobacco giant Philip Morris suing Australia and Uruguay for putting health warnings on cigarette packets.’

“Ultimately, we conclude that an EU-US investment treaty that does contain ISDS is likely to have few or no benefits to the UK, while having meaningful economic and political costs,” the report said.

What is TTIP? And six reasons why the answer should scare you
Lee Williams, Independent October 2015

1 The NHS
Public services, especially the NHS, are in the firing line. One of the main aims of TTIP is to open up Europe’s public health, education and water services to US companies. This could essentially mean the privatisation of the NHS.

2 Food and environmental safety
TTIP’s ‘regulatory convergence’ agenda will seek to bring EU standards on food safety and the environment closer to those of the US. But US regulations are much less strict, with 70 per cent of all processed foods sold in US supermarkets now containing genetically modified ingredients. By contrast, the EU allows virtually no GM foods.

3 Banking regulations
TTIP cuts both ways. The UK, under the influence of the all-powerful City of London, is thought to be seeking a loosening of US banking regulations, effectively handing all those powers back to the bankers.

4 Privacy
The ACTA (the Anti-Counterfeiting Trade Agreement) was thrown out by a massive majority in the European Parliament in 2012 after a huge public backlash against what was rightly seen as an attack on individual privacy where internet service providers would be required to monitor people’s online activity. It’s feared that TTIP could be bringing back ACTA’s central elements, proving that if the democratic approach doesn’t work, there’s always the back door.

5 Jobs
The EU has admitted that TTIP will probably cause unemployment as jobs switch to the US, where labour standards and trade union rights are lower. It has even advised EU members to draw on European support funds to compensate for the expected unemployment.

6 Democracy
TTIP’s biggest threat to society is its inherent assault on democracy. One of the main aims of TTIP is the introduction of Investor-State Dispute Settlements (ISDS), which allow companies to sue governments if those governments’ policies cause a loss of profits. In effect it means unelected transnational corporations can dictate the policies of democratically elected governments.

More about TTIP in these 2015 videos;


Filed under Politics, Privacy

9 responses to “All About TTIP & ISDS

  1. It’s the capitalist system: until it goes this problem will not be solved. It’s ultimately immoral as if works on the principle of getting the most profit from the workers by paying them the least amount of money to do the most amount of work.

    • Tom Austin

      I’m sorry M/r/s Becky, but such is not the case;it’s too simplistic and defeatist.
      The system we currently ‘enjoy’ would have an impossible job of justifying itself in terms of just one of the basic tenets of the Classical Capitalist Economic System:i.e. Under-performing and badly managed businesses would fail and their place taken by better run businesses – thus proving that competition is good for us all. [Banking is not the whole of it.]
      That sort of ‘truth’ went out of the window some time ago.
      Way back in the 40s of course ‘we’ used to make stuff, these days everything is reliant upon more and more debt.
      People like Green can coin-it in with impunity because there is no discernible ‘victim’ – we all, instead, have become the victim.
      I think we could improve upon ‘classic’ theories of capitalism and we certainly need to overthrow the present ‘bastard’ child of the ‘classic’ system. There is a place too for elements of what Proudhon and Marx had to say, but what the 21st century really needs is a 21st century answer.

  2. Andy Barnett

    Useful article, important subject, unfortunate timing.

    I suspect that today a lot of your readers would be slightly more interested in your thoughts on the 27 years it has taken campaigners in Liverpool to get the truth regarding the crimes, cover-ups and libels perpetrated by those in positions of power in the eighties officially recognised by the justice system. You may also have reflections on the numerous allegations of corrupt practices associated with South Yorkshire Police over that same time period and later – those associated with Hillsborough, Orgreave, Rotherham, and of course Jimmy Savile, a man who had regular Friday morning meetings with his friends in the Police (I wonder what went on at those meetings?). Then there are the links with the Freemasons, the Thatcher government, perhaps even the Secret Services…? You may have thoughts on the failure of the British justice system to get the the truth within an acceptable timeframe, the way that the guilty are allowed to grow old and so escape accountability, and the apparent collusion of those in the Police, politics and the media to keep the truth hidden for as long as they can. And of course you couldn’t fail but admire the bravery and passion of campaigners, who may not have had all the facts and at times can make mistakes, but who knew in their hearts that a deep injustice had occurred, and was continuing to occur, and were determined not give up the fight to ensure the truth be acknowledged and justice be done.

    One might be forgiven for thinking that the recent Harvey Proctor palava has enabled those in the Media to put all that VIP CSA nonsense back in its box where it belongs, to be considered as taboo a subject as UFOs, the Illuminati or the Loch Ness Monster. You know, the sort of subject where you may think there may be something there, but you’d be way too embarrassed to publish, lest you’d be attacked by others in the profession. I trust the Needle doesn’t feel this way and hasn’t lost its passion for Truth and Justice? That would be so sad if it has.

  3. artmanjosephgrech

    In the mid 1980’s I attended an international management course for future Chief Executives one of only two individuals from government, one national and one local. The strategy was made clear. You moved production to a politically stable country which paid he lowest wages and had no or limited worker protection and you moved your HQ to stable capitalist friendly governments with no or low taxation requirements. You formed alliances with competitors. You established appropriate relations with politicians who you hated with contempt especially those left socialist inclined. You employed people to do your dirty work ideally at arms length or if directly you planned to distance your organisation and yourself individually when they were found out to have broken the law.

    This was before the development of the digital and space age in which it became possible to monitor and control populations from a desk.. However the mistake was to forget human ingenuity to by pass systems and regimes for good and bad purposes hence the dual approach of digital depth surveillance and undercover human perpetration of any group, organisation which could potentially undermine or threaten the security of the state. It has to be understood that for those holding positions of power, including those just involved in personal wealth creation organised crime is acceptable if it does not threaten the security of state, criminals can be sued to do what the state is not allowed to do unless one can get friendly states to act for one.

    In the sense that everyone is expendable in maintaining the integrity and security of the state, more civilians died world wide in WW2 than state fighting men it is legitimate to use any means and this will include those undercover pretending to be activists participating and organising often acting in heir own interests as much as for the state. This will include the use of the Royal prerogative when it is in the interests of the state to do so.

    These days the ability to control and manipulate public opinion and behaviour has become unlimited aided by sophisticated “public relations” and international security surveillance organisations. The very people who tried to silence and sideline Hillsborough families and Liverpool now praise their courage and endeavour as you will in parliament to day.

  4. Tom Austin

    Oh pity do, we dogs of UK voters, caught-up in the beginnings of a messy Divorce. While it can be said of either master that their hearts are cold and their intent cruel, for certain we know that this is true of one – and it appears that the accusations of a similar nature in the other are either for balance of reporting or fantastical and, in any event the latter could in no way be as cold or cruel as the former.
    For those of us that wish the NHS all the best, and for its return to a peaceful condition as an adequately funded, fully public service, we sure are kicking ourselves that we ever voted Labour or Conservative or indeed LibDem, over the last fifteen to twenty years. For these are the proven and established enemies of all who wish the wish expressed above.
    -So, In! or Out! of the EU our shared foe is already among us.
    -Should we vote to Remain however we should take comfort in the fact that the electorates of other member states are equally as incensed as we about all things TTIP.
    -Should we be plain daft and harken to the likes of Nigel then the NHS and much else we hold dear will be lost to us.

  5. Pingback: All About TTIP & ISDS | Lolathecur's Blog Below are two very important entries from the "Jewish Encyclopedia". Read them VERY CLOSELY.

  6. joekano76

    Reblogged this on TheFlippinTruth.

  7. steve

    Yet again we see big bosses plundering and ripping of Mr@Mrs Hard Working People,and nothing will be done,as we all no money talks and all the backhanders are given to those higher up,and we the people of the UK get ripped of and the greedy bosses walk away with millions stolen from peoples pensions funds

  8. Pingback: All About TTIP & ISDSAlternative News Network | Alternative News Network