By Eric Zuesse
The Government of French President Francois Hollande has said no to the demand by the Government of American President Barack Obama that panels of international corporations be granted the power to override national laws and determine individual countries’ regulations regarding workers’ rights, consumer protections, investor protections, and other matters in which international corporations have been carrying out an international race to the bottom for non-oligarchs in order to maximize the profits of international corporations and thus the wealth and power of their controlling (i.e., oligarchic) stockholders, virtually all of whom are billionaires.
Previously, the leader of the Democratic Party in the U.S. Senate (who is selected by all Democrats in the Senate and represents the Party on this matter, even in the U.S. House, because he alone possesses the power to stop this) had said no to it, but the few conservative Democrats favor it as do virtually all Republicans, and so when Republicans take control over both houses of Congress in January, President Obama will then have solid domestic congressional support for his three gigantic proposed international-trade treaties: TTIP for Europe, TPP for Asia, and TISA for all trade in services, all three of which deals include this subordination of national sovereignty to international-corporate panels. TISA is especially key for financial services, such as accounting-standards (so as to enhance corruption, so as to deceive outside investors, with increased advantages accruing to corporate executives and board-members, the insiders who control international corporations).
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