TTIP and globalism

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One of the most common objections I hear to Simpol’s call for global governance, is that it will damage national sovereignty. There are numerous arguments that one might put against this, but one issue stands out as absolute proof of the necessity of global democractic governance.

That issue is TTIP – the Transatlantic Trade and Investment Partnership. This ‘free trade’ agreement, which is currently being negotiated, has not made nearly as much news as it deserves to. This is probably because it is being discussed behind closed doors. It is also, as with all such agreements, going to be ludicrously long and tediously complex for the average reader. But the one very important detail that has emerged, is that corporations may be able to sue governments for lost profits, in the instance that governments make decision which damage said profits.

So, for a commonly given example, if a government were to ban fracking, multinational corporations can sue them for the profits they think they would have made from that fracking. All of this happens through supra-national ‘arbitration tribunals’. Now all sorts of arguments are being made on both sides as to the relative benefits and costs of TTIP. However, what stands out, for me, is the supra-national arbitration process. This fatally undermines the argument given at the beginning of this piece.

You see, the truth is, that global governance is already happening. Governments know it and are powerless to stop it, or even to apply the brakes. Corporations know it too. The decisions are being made, the rules are being decided and it’s all happening behind closed doors.

The decision we, the people, have to make is not whether or not we want global governance. That ship has sailed. We have only to decide whether or not that global governance will be democratic.

If we do, then we have an awful lot of catching up to do and fast! I can only recommend that readers begin at Simpol.org.