Tag Archives: corporate power

Psst! Do you want to know a secret?

It’s been quiet on these pages over the summer holidays. Not that stuff doesn’t happen, but getting up late and being out of the country means I’ve missed most of it. The terrible distressing stories from Iraq, Syria and Gaza haven’t gone unnoticed, but I haven’t felt able to make an informed, helpful comment on these issues.

Something else has been slipping by unnoticed, though. I expect it has slipped by most people, without them ever realising it was happening. I’m talking about TTIP. See – you’ve still no idea what that is! And if I tell you it stands for Transatlantic Trade and Investment Partnership, are you any the wiser?

It is a deal being negotiated between the US and the EU to removed barriers to trade between the two regions. So you’d expect this blog to have something to say in criticism of an unfettered free market. And I do have a problem with the elevation of “the market” as the solution to all our problems, economic at any rate. But my problem with TTIP runs deeper than this.

For a start, there’s the fact that most people have never heard of it. Negotiations are being carried out in secret, and most of our MPs don’t have any idea about the details of the deal. Its remit is wide ranging, and it needs to be subject to scrutiny. In the interests of democracy, the general public should know what is being discussed, understand its likely impact on our society, and have a say in whether they agree with this or not.

I have more concerns because most of the “barriers” to trade between the EU and the US are in the form of the higher levels of safety standards, environmental protection and workers rights which we have in the EU. Clearly it is better for business if standards are regularised, so that products are compliant across both regions. But lets guess which way standards are likely to change in areas where they differ.

Another aspect of the deal would be to force public services to open themselves up to private companies bidding for contracts, removing any option for governments to choose to keep them in public ownership. Maybe you think private ownership is a good thing, maybe you don’t. Right now, that’s a debate that is raging in the UK with regard to the NHS. If this deal is agreed, there will be no debate, and the NHS could soon be in the hands of American private healthcare companies.

TTIP could prevent better laws to protect our environment and combat climate change
TTIP could prevent better laws to protect our environment and combat climate change

But most insidious of all is the erosion of government power to introduce legislation to protect workers, consumers and the environment. If governments want to implement a living wage, or raise standards for air and water pollution, for example, and a business feels this will impact on their profits, they will be able to sue that government. Not through the usual channels of the national court, but by taking them to an ad hoc secretive arbitration panel, overseen by corporate lawyers. Businesses already hold way to much sway over government policy. This further diminishes government’s ability to make policies for the public good, where people’s taxes will end up paying for corporations to keep the law.

I don’t think you need to be against free trade to recognise that this deal, as it stands, is bad news. Large multinational corporations don’t need more power. It is difficult enough to make sure they pay proper taxes, don’t exploit their workers and take responsibility for tackling climate change and taking care of the environment. And we certainly don’t want to be handing over power to big business in secret without knowing what is being negotiated and given up on our behalf. The secrecy and the strait-jacketing of our elected governments make this deal an attack on democracy.

If you’d like to raise your voice in opposition, you can join the campaign on the 38 degrees website. If you’d like to read more, try George Monbiot or this blog.

Democracy held to ransom by business interests

Democracy held to ransom by business interests

George Monbiot on how corporate interests have a grip on politics. No wonder the government is so keen on its new “gagging bill”:

It’s hardly surprising that the lobbying bill – now stalled by the House of Lords – offered almost no checks on the power of corporate lobbyists, while hog-tying the charities who criticise them. But it’s not just that ministers are not discouraged from hobnobbing with corporate executives: they are now obliged to do so.