GUEST: Patrick Woodall, Research Director and Senior Policy Advocate for Food & Water Watch…
Wikileaks has just leaked a chapter of the secret international trade deal, Trans-Pacific Partnership (TPP). President Obama has long championed the TPP as a major part of its global economic policy platform. But the New York Times has analyzed the Wikileaks document and concluded that if signed into law, the TPP would enable foreign companies to sue the US government if their businesses were hurt.
According to the Times, “Under the accord, still under negotiation but nearing completion, companies and investors would be empowered to challenge regulations, rules, government actions and court rulings — federal, state or local — before tribunals organized under the World Bank or the United Nations.”
The leaked chapter is an indication of the on-going push from major multinational corporations that seek to expand their power at the expense of ordinary people and governments. Part of that expansion is a new merger announced this week of two major food companies, Heinz and Kraft Foods. The new mega company will become the fifth largest food company in the world.
To learn more about this issue, visit foodandwaterwatch.org.
GUEST: …Patrick Woodall, public policy analyst, researcher and advocate on economic justice issues in Washington, and coauthor of a book on the World Trade Organization.