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| World Inc., |
The result will be a joyous celebration, not only on Wall Street, but also among the multi-national empires around the worldt.
Profit may finally be crowned King as all Nation states around the Globe unite into one World, Inc
"Yes, a coronation worthy of Louis XIV of France (1638-1715) “the Sun King,” who successfully increased the influence of the crown by establishing authority over the church and the aristocracy, thereby consolidating absolute monarchy in France", says the UK Progressive.
"The upcoming coronation (maybe) of King Profit, therefore, shall be the pinnacle of capitalism for there is no higher level for it to achieve beyond “absolutism.”
The date for the coronation has not yet been set, but it could be real soon, especially if the US Congress grants President Obama “fast-track” authority to approve the Trans-Pacific Partnership (TPP), an agreement amongst 12 major Pacific nations for free trade, which is seen as very positive for multi-national businesses."
If you don't know what TPP is see it as similar to NAFTA, but on steroids,.
NAFTA might be seen as a success in terms of corporate profit but once NAFTA officially crossed the border into Mexico in 1994, all hell broke loose for the middle class folks. Mexico’s annual per capita growth became a flat-line, the lowest in the hemisphere, real wages are down, unemployment is up.
Heavily subsidized U.S. crops made Mexican crop prices drop, driving small Mexican farmers off the farm and resulting in mass unemployment.
Today some 20 million Mexicans live with food poverty, while hundreds of thousands of Mexicans have headed for the U.S. border to find “a better life” resulting in major US immigration problems
On the other hand, even though NAFTA has not benefitted average taxpayers in any way or form, NAFTA has proven to be very beneficial for multi-national corporations.
They can now set up shop at will just across the US border, without any nagging and complex US environmental and health regulations to adhere to while benefiting from dirt-cheap local wages. As Ross Perot once said when he ran for the US presidency in 1994, "you can hear the sucking sound of US jobs going to Mexico".
Consequently, also labor-wise NAFTA has been a bad deal for all the partners of the agreement, except, yes you guessed it right, the trans national corporations.
The TTP will be granting even greater privileges to transnational corporations than with NAFTA, fulfilling corporations wildest dreams. A Wikileaks’ secret document shows how transnationals will henceforth be able to sue governments if a country’s laws or policies get in the way of corporate profits. Yes, transnationals will have carte blanche to do whatever they want, like King Louis redux.
When a nation gets in the way of profits, no problem; transnationals can sue the government for damages to profitability as part of the so-called investor-to-state dispute settlement (ISDS) agreements
What would make the "Coronation" even more complete and threatening would be an agreement between the EU-US on a TransatlanticTtrade Pact (TTIP).
It would mean opening the door for big corporations to enforce their interests against EU legislation," said EU parliamentarian Bernd Lange. "This would deprive states of crucial policy space in important fields such as health and environment."
The EU-Commission, however, is dangling unsubstantiated benefits of this trade agreement including the dubious possibility that it could bring an annual windfall of 119 billion euros ($161 billion) to the 28-member bloc.
One can only hope that the EU-Parliament requests complete transparency on all the details of these ongoing negotiations and asks all theprobing and necessary questions. They should certainly not overlook one of the most important and negative factors in these negotiations, which is that they are dealing with a partner across the table who has spied on them (NSA) and will probably continuing to do so.
EU-Digest
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