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TPP would grant foreign corporation shocking new powers to attack the laws we rely on for a clean environment, safe food and decent jobs. Under TPP, these corporations could sneak around our courts and laws and grab millions in our tax dollars all because they don’t like our laws. How could this be possible?
TPP gives foreign firms special privileges – better treatment than local companies. It empowers foreign corporations to drag the U.S. government in front of secretive foreign tribunals comprised of 3 private attorneys authorized to order massive payments. There is no outside appeal to these tribunals dictates.
And there is no limit on the laws the corporations can attack or the amount of our tax dollars the government can be ordered to pay when the foreign corporations think that their special TPP rights have been undermined by the laws all of the rest of us have to meet.
This crazy system of extreme corporate privileges is called the "investor-state" regime.
It give an individual foreign corporation equal status with the entire U,S, federal government - allowing the foreign firms to privately enforce a public treaty. The three corporate lawyers who act as judges are unaccountable to any electorate. And, many rotate between suing governments for corporations and acting as the "judges." They apply the law of TPP and World Bank and UN arbitration rules – U.S. laws and courts are cast aside even though U.S. laws are being attacked.
http://www.exposethetpp.org/TPPImpacts_CorpPowerAttacks.html
or this one:
"A so-called trade agreement includes a process called ISDS (Investor-State Dispute Settlement). This is a devilish bit of legalistic hocus-pocus that elevates mere corporations to the status of "corporate states," putting them on par with our nation states. It allows them to go to foreign tribunals staffed by corporate lawyers and sue governments to demand taxpayer compensation for a particular national, state, or local law--the offending law could be anything from an environmental regulation to a community's "Buy Local" ordinance. (Under WTO rules, the complaining corporation gets its home nation's government to sue on its behalf, while NAFTA and CAFTA rules allow corporations to challenge sovereign nations directly.)
Even if the law that a foreign corporation wants struck down serves a clear and legitimate public interest and has been properly enacted,
ISDS clauses decree that the corporation wins its case simply if it shows that the government's law might restrict the "expected future profits" of corporate investors.
http://www.hightowerlowdown.org/tpp#.VZL-qFL9mpo
That
should be enough to make you say
"Hey.Wait a minute. I'm NOT OK with this."
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