TTIP: Might is Right

2015 ,    »  -   8 Comments
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Ratings: 8.78/10 from 165 users.
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TTIP: Might is Right

The Transatlantic Trade and Investment Partnership, or TTIP, is a free trade agreement currently under negotiations between Europe and the United States. As shown in the insightful new documentary TTIP: Might is Right, this agreement has stirred a great deal of controversy and protest among the masses, and for good reason.

Most citizens regard free trade as an essential component of a healthy economy; therefore, they generally believe that any new agreement between countries that falls under the banner of "free trade" must be in their best interests. Historically, however, these agreements have done more than just lift tariffs and allow for the smooth transport of imports and exports. Investment clauses written into these agreements, particularly the Investor State Dispute Settlement (ISDS) clause, allows corporations to sue a country when they feel their interests are slighted for any reason. In essence, these trade agreements grant foreign investors the power to call all the shots, regardless of the consequences to the country's economy, citizen rights and environmental protections.

Case in point: Canada. In 1992, the country signed onto the North America Free Trade Agreement (NAFTA) with the United States, and the unexpected repercussions of that agreement are still being felt by residents after well over two decades. As evidenced by one such consequence portrayed in the film, the ISDS clause has permitted the practice of unregulated fracking right in the backyards of unsuspecting citizens. Their protests are largely met by deaf ears, because the energy companies who host the fracking enterprises have the authority to sue the country if they feel their business model is under attack. Canada has reason to feel squeamish about interfering with corporate interests or enforcing regulations upon them; since the passing of NAFTA, they have become one of the five most frequently sued countries in the world.

TTIP negotiations are held in secret, and little is revealed to the public regarding their content. TTIP: Might is Right calls for greater transparency in the crafting of this agreement, and warns of a potential future where governments only work for the bottom line of foreign investors, and not for the people they represent. Democracy itself could crumble under the weight of litigiousness.

8 Comments / User Reviews

  1. Grant

    The world is changing and this 'habit' we have of allowing our politicians to screw us blind is ending. The free flow of information is the reason why. Thank God for the courage of whistleblowers everywhere.

  2. don duncan

    It's not good journalism to blindly quote govt. propaganda, e.g., the "free trade agreement" called TTIP. Free trade does not require govt. regulation, only the enforcement of property rights. It certainly doesn't require secret negotiations or keeping the results secret after the fact. Every time the govt. does anything in secret, we get screwed. But it won't stop as long as people let it continue. The govt. will do as much to the people as they allow. It will never self restrain. It it ever claims it did, it is lying again, as usual. This monster we created to protect us is now our biggest danger, both abroad and home. Abroad it may start WWIII. Home we suffer excessive taxation and economic interference that has created a depression, e.g., unemployment over 20% with no end in sight.

  3. Dean Harrington

    It is clear that TPP/TPIP/TISA are a combined effort by economic entities to control the resources in a nation not their own. This is just another form of colonialism and mirrors the old British East India Company policies that turned India into an opium producer to balance trade costs with China, low-cost fabric producer which ended up destroying such production in Britain and low-cost labor which trailed the Empire all over it's vast colonies.
    It made a few very rich and certainly did little for your average British citizen. The poor debtors were sent off to Australia and New Zealand to offset the social costs in the Crown's policies so as not to mar the manufacturing, urban centers that arose during Britain's Industrial faze with the poor littering city streets with their presence.
    The other part of this equation which is seldom seen, if not outright hidden, is that the FED in the U.S. is owned and controlled by the 'City of London' ... those private and privileged banks are the tail wagging the dog which is U.S. military might. In the end, Mao's dictum that 'power comes out of the barrel of a gun' is as true today as it has been in the past.
    To end this continued imbalance in a drive for corporate control over a nation's interest these banks and their corporate arms splendidly arrayed in Shivanic fashion need their curly-cues clipped. Only nation states can achieve this and these 'supposed' trade deals are being put in place to end the threat of national powers effecting profits of an economic elite!

  4. eddy

    @Grant
    I appreciate your optimism, however I cannot subscribe to your belief that God, courage, or whistleblowers have a leg to stand on.. the world is changing and whatever our 'habits' are, politicians dont screw us blind..they screw us eyes wide shut. What the World Bank & multi-nationals want..they get..by leaps n bounds..or by baby steps.

  5. Alex J.

    An incredibly documentary about a little known world. It is scary the overall influence of ISDS and really does harm against competitive marketplaces as well as self governing nation states.

    In the end, a strong administrative government with legal and financial acumen are the only countries that should sign on to a trade deal with an ISDS clause. It's sort of the double edged sword that comes with more access to investors. If i were a nation, i think it would be wise to study Netherlands and Singapore who are countries with high FDI but also provide a very good commonwealth for the majority of their citizens.

  6. eddy

    seems to me that as easy as it was to get ISDS implemented, it would be just as easy to put and end to it. The simple hand movement of a signature got you in...The simple hand movement of the middle finger to get you out. The sort of propaganda that was used in the past, to convince a nation and its people to go to war just isnt possible anymore. I just cant see the US military declaring war on a friendly nation to enforce these sleazy lawsuits. Canada really needs to take control of its nations resources. Why would Canada allow a foreign company to drill its land and take its resources... Oh, because its a banana republic.. really? REALLY CANADA? Youre goin out like that?

  7. DustUp

    Corporatism = Fascism. Political Modus Operandi: If YOU say nothing then the politicians tell themselves YOU don't care, so are free to do what benefits themselves most. Typically that is to sell YOU out. The politicians sell out the citizenry for money. How much did the one or two politicians pocket (or even most of them if that is the case) who said, "but wait, if we say no, our country may get sued"? Maybe not every time but I've seen it even at the local level when a big company comes to town.

    It is all up to YOU. Gather together and share the burdens of standing up. I have seen it work many times against big companies and big govt. In the case of big govt sometimes it is necessary to discover a viable alternative, which they will not want to pursue until you force them to by steadfastly resisting their current path.

    It is ridiculous to believe that lawyers are not abusing the provisions for suing the countries on behalf of a company's investors for personal gain. The question is why do the countries like Canada allow it? See the explanation at the beginning...!

    Which countries are they most likely to target? Those with World Bank or IMF loans. Makes for wonderful leverage if World Bank assigns the deciders.

    A borrower nor lender never be! True as it ever was. For countries as well as individuals. Nothing worse that a rat locked on to your short hairs.

  8. speedy

    " as far as I know, no gov . has ever said; because of the claims , we don't do it "
    This guy is lying !!!
    Couple of years ago , a USA company wanted to start fracking in my country. Ppl got upset, and there were a lot of protests
    Our prime minister apeared on TV explaining that he can't stop the company , because they WILL SUE my country, and we can't afford it.And he showed a letter from the company, with very clear legal terms : "we WILL sue ".
    This was on TV .- public information.

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