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How TTIP would outlaw alternatives to capitalism

Guest post by David Cronin What is the real objective of the Trans-Atlantic Trade and Investment Partnership (TTIP)? We can get a good idea from watching a video recorded recently in Brussels. It features Cecilia Malmström, the European commissioner for trade, defending highly controversial plans to usher in a court system whereby corporations could sue against government decisions they do not like. According to Malmström, “companies need to have some sort of protection” against such issues as “nationalisation”. Intentional or not, that statement illustrates how the key negotiators of TTIP are in thrall to a right-wing ideology. The idea that certain economic activities could be nationalised – placed under public ownership – is anathema to them. TTIP would be a legally-binding accord effectively saying that capitalism is the only permissible system in the European Union and the United States. In the same video, Malmström insists she has “no secret agenda”. And to be fair, the Swede has been slightly more transparent than the EU’s previous trade chiefs. The irony is that the modicum of transparency she has […]