HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » R.Reich As awful as is th...

Fri Oct 30, 2015, 03:46 PM

R.Reich As awful as is the Trans Pacific Partnership, there’s something even worse on the horizon... [View all]

Robert Reich on FB

As awful as is the Trans Pacific Partnership, there’s something even worse on the horizon: It’s called the Trade in Services Agreement (TISA) -- currently being negotiated in Geneva, Switzerland with 51 participants representing 70 percent of the world's trade in services. Even more secrecy surrounds TISA than TPP, but the parts that have been released by WikiLeaks show TISA would dramatically reduce how much governments can protect their own peoples’ health, safety, labor, and even the environment.

For example, governments wouldn’t be able to regulate staff to patient ratios in hospitals, prevent banks from becoming too large, ban fracking, improve safety controls on airlines, refuse accreditation to schools and universities, or prevent the importation of genetically modified foods. And governments couldn’t restrict foreign investment – they’d have to allow global corporations to run public services such as communications, postal services, health care, even education. Giant banks and other global financial institutions would have the power to transfer client data out of a country regardless of national privacy laws or banking regulations. And global corporations would have the right to comment on any new proposed national regulations, and contest them in a dispute mechanism similar to the investor-state dispute settlement in the Trans Pacific Partnership – where the corporations can get compensated for any “expected future profits” lost through such regulations.

The fast-track authority already granted the Trans Pacific Partnership – moving through Congress without amendment – would apply to TISA as well, since fast track lasts six years. Which means TISA is already being teed up. Yet not one presidential candidate has been asked about or said anything about TISA. Europeans have been loudly demonstrating against this global corporate takeover of their democracies. We should be making a ruckus, too.
What do you think? If you're European, what's the view of TISA from there?

https://www.facebook.com/RBReich/?fref=nf

49 replies, 3748 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 49 replies Author Time Post
Reply R.Reich As awful as is the Trans Pacific Partnership, there’s something even worse on the horizon... [View all]
kristopher Oct 2015 OP
tularetom Oct 2015 #1
Elwood P Dowd Oct 2015 #4
hifiguy Oct 2015 #11
Populist_Prole Oct 2015 #47
Yuki55 Oct 2015 #15
Hortensis Oct 2015 #46
roguevalley Oct 2015 #39
FlatBaroque Oct 2015 #2
bvar22 Oct 2015 #3
Shandris Oct 2015 #5
whathehell Oct 2015 #44
jwirr Oct 2015 #6
hifiguy Oct 2015 #10
jwirr Oct 2015 #21
Phlem Oct 2015 #7
hifiguy Oct 2015 #8
Elmer S. E. Dump Oct 2015 #19
phantom power Oct 2015 #9
snagglepuss Oct 2015 #12
denverbill Oct 2015 #13
dmr Oct 2015 #41
TheKentuckian Oct 2015 #43
abelenkpe Oct 2015 #14
Elwood P Dowd Oct 2015 #17
hifiguy Oct 2015 #20
PatrickforO Oct 2015 #27
floriduck Oct 2015 #16
PatrickforO Oct 2015 #29
hifiguy Oct 2015 #35
LongTomH Oct 2015 #18
smirkymonkey Oct 2015 #22
polly7 Oct 2015 #23
hifiguy Oct 2015 #26
polly7 Oct 2015 #32
hifiguy Oct 2015 #34
BelgianMadCow Oct 2015 #24
kristopher Oct 2015 #25
hifiguy Oct 2015 #28
PatrickforO Oct 2015 #30
pa28 Oct 2015 #31
hifiguy Oct 2015 #33
Triana Oct 2015 #36
AZ Progressive Oct 2015 #37
AZ Progressive Oct 2015 #38
Armstead Oct 2015 #40
raouldukelives Oct 2015 #42
whathehell Oct 2015 #45
Skwmom Jan 2016 #48
Hoyt Jan 2016 #49