The sell out of Britain to global corporations: the process goes on

Posted on

George Monbiot has what I think to be an accurate and frightening price in the Guardian this morning under this headline:

Screen shot 2013-11-05 at 09.36.27

As he argues:

The purpose of the Transatlantic Trade and Investment Partnership is to remove the regulatory differences between the US and European nations. I mentioned it a couple of weeks ago. But I left out the most important issue: the remarkable ability it would grant big business to sue the living daylights out of governments which try to defend their citizens. It would allow a secretive panel of corporate lawyers to overrule the will of parliament and destroy our legal protections. Yet the defenders of our sovereignty say nothing.

And this is exactly what the deal is meant to do: it is meant to give the world's corporations the right to profit whatever democracies might decide is in the best interests of the people who live in a country. If a decision - say on the environment - might deny profit then we might, no will, have to compensate the companies who could have profited from that so called opportunity, however harmful it was.

This is the sale of the state and its right to revenue to major corporations and the elite that own and control them without those companies even having to work for the benefit; they can just sue for it instead.

I argued for The Courageous State in 2012 and suggested it must replace the Cowardly State as I described it; that is the state we have which does all it can to profit business at the expense of the rest of us. George Monbiot is doing us a powerful service drawing attention to how far this process has advanced.

Be worried: corporate control of the state is the route to fascism. That's what this will deliver.