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TTIP marches on


The Transatlantic Trade and Investment Partnership (TTIP) has a lot of people worried. It’s an American-led partnership that regards trade and profit as the most important things in the world,and it wants to see everything, including environmental standards and food safety, into the hands of a corporate take-over. In effect, it is the privatisation of everything.

If passed, it will see huge price rises in such things as medical drugs, because it will bypass government power. Everything will be in the hands of big corporations,most notably those in the US. Already, governments are being sued by large corporations for failing to be sufficiently privatised, and this is the final step in the process of economic domination.

!An attempt to push TTIP through in secrecy foundered as people found out and publicised what is going on, but there is no cause for complacency. If we are to resist the proposals, it’s going to be a tough job, as the following chart shows. The flow of the world’s good and services is inward to America. Scotland, as a small country of independent views, will have a fight on its hands if this goes through.

Sign the petition against TTIP.

Direction of trade Goods Services Investment Total
EU to US €260 billion €139.0 billion €112.6 billion €511.6 billion
US to EU €127.9 billion €180 billion €144.5 billion €452.4 billion
 

Continue reading Issue 49 - February 2015

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