The Student Room Group

TTIP Monster Rumbles On

Scroll to see replies

Reply 20
Original post by Raiden10
And precisely how does that make them the friend of us or, indeed, anybody?


They're not our friends, but they're our appointments. We certainly do put our trust in them.

Original post by Raiden10
Do I get to vote on it (or indeed any of the matters thereby raised) afterwards?


No, of course not. Your elected representatives do.

Original post by Raiden10
Because we weren't the intended targets? Or maybe because it's a recent phenomenon? You sound very credulous.


It's not 'recent', investor-state dispute mechanisms have been around since at least the 1950s in Britain, and there's no 'targets', other than those who break the law.

I am not a nutter. I am extremely intelligent


Good for you. Maybe you could wear a hat or something.
Reply 21
Original post by scrotgrot
A lawyer involved in ISDS writes in the Guardian today about how his own industry is out of control. He reports that Ecuador has been forced to pay £1.8bn - the size of its yearly health budget - to some grasping multinational corporation for refusing to allow them to pillage their country of oil. And that corporations are beginning to use their outstanding claims against states as leverage to take out loans.

This is the Occidental Petroleum case, presumably.

OK, let's consider the facts of this one, well-established. The government broke its contract with Occidental Petroleum (Oxy) in a way that was entirely disproportionate, both according to investment treaties and domestic law.

The Ecudorian government then went about appropriating (ie, stealing) Oxy's assets, raising their offices and seizing their equipment.

We are held to standards in legal conduct when we deal with other people and businesses. Why should a government be able to break contracts with foreign investors with impunity and rob them of their possessions? Because that's what you're proposing.
Reply 22
Original post by scrotgrot
Considering only two suits have been brought against the UK that is hardly anything to shout about.

Why so few?

Because up to now the ones we have signed have mostly been outward investment. UK investors have sued other countries 43 times - that's once a year since the first such agreement was signed in 1975.

Now, I wonder what the balance of investment between us, and/or other EU states, and the USA will be? Who will be doing the investing, and who will be bearing the brunt of investor dispute lawsuits?

It is another mechanism by which European sovereignty is being surrendered to the American corporations and the state whose policies so permissively facilitiate their activities.


Yes, it is still something to shout about. We've had two actions brought against us neither of which were successful. That's because we don't get into situations where there is a question of inappropriate discrimination or us failing to follow the law.

We already have plenty of external investment in Britain covered by trade treaties and investor dispute clauses. It's nothing new.

Original post by GnomeMage
If TTPA (or TTIP) is so good, why does it have to be kept in secrecy? that explains itself.


How on earth could you conduct a public negotiation on trade? It's really quite obvious that these things have to be negotiated in secret so an agreement can be made.

All government policy is negotiated in secret within the cabinet; all trade deals are negotiated in secret; all public sector contracts are negotiated in secret.
Original post by L i b
Yes, it is still something to shout about. We've had two actions brought against us neither of which were successful. That's because we don't get into situations where there is a question of inappropriate discrimination or us failing to follow the law.

We already have plenty of external investment in Britain covered by trade treaties and investor dispute clauses. It's nothing new.


Exactly how many of our agreements are for incoming investment, do you know? In terms of treaties and money. With which countries, and in which industries? Any more details you can give would be welcome.
Original post by SotonianOne
"Track record" is subjective. Most people would agree that American way is the way forward, rather than adding more days of unproductivity.


America has NO maternity leave whatsoever... yeah real role models
Original post by contradicta
America has NO maternity leave whatsoever... yeah real role models


Take a holiday instead of a maternity, same thing.
Original post by thesabbath
These people are invariably international socialists who project their political fantasies onto the EU, in spite of the EU in reality not corresponding in any way with what they crave. Just as the left used to praise everything about Stalinist Russia while turning a blind eye to any "unhelpful" commentary suggesting that all was not milk and honey.


Neither is the UK government. Better tear it down.
Original post by L i b
Yes, it is still something to shout about. We've had two actions brought against us neither of which were successful. That's because we don't get into situations where there is a question of inappropriate discrimination or us failing to follow the law.

We already have plenty of external investment in Britain covered by trade treaties and investor dispute clauses. It's nothing new.



How on earth could you conduct a public negotiation on trade? It's really quite obvious that these things have to be negotiated in secret so an agreement can be made.

All government policy is negotiated in secret within the cabinet; all trade deals are negotiated in secret; all public sector contracts are negotiated in secret.


...and can only be revealed after 4 years in exercise.
Original post by GnomeMage
...and can only be revealed after 4 years in exercise.


That's quite normal with trade deals.

You're hardly expecting two negotiators to brief the press and finish it off with 'don't tell the other guy.'
Reply 29
Original post by thesabbath
These people are invariably international socialists who project their political fantasies onto the EU, in spite of the EU in reality not corresponding in any way with what they crave. Just as the left used to praise everything about Stalinist Russia while turning a blind eye to any "unhelpful" commentary suggesting that all was not milk and honey.


This is pretty much empty rhetoric and extremely tangential. Stalinist Russia has not a dusty **** to do with the modern EU, TTIP, USA etc. Neither does ad-hominem discrediting the left.

Socialism/regulation is what keeps society together. Without it accumulation/redistribution of resources to a small minority happens, and then the rest of the individuals are deprived of the very resources that they need to function.

Neoliberalist philosophy resembles the philosophy of the cancerous cell in this way.

There is a duality betweem socialist regulation and the free market/endless growth, and too much drifting towards either philosophy is unwise. Currently we are too close to the free market extreme.
(edited 8 years ago)
Reply 30
Original post by L i b
This is the Occidental Petroleum case, presumably.

OK, let's consider the facts of this one, well-established. The government broke its contract with Occidental Petroleum (Oxy) in a way that was entirely disproportionate, both according to investment treaties and domestic law.

The Ecudorian government then went about appropriating (ie, stealing) Oxy's assets, raising their offices and seizing their equipment.

We are held to standards in legal conduct when we deal with other people and businesses. Why should a government be able to break contracts with foreign investors with impunity and rob them of their possessions? Because that's what you're proposing.


Whereas you are proposing giving multinational corporations, who are already far too large, more powers. Does that even sound like it could be a problem to you?
Original post by MatureStudent36
That's quite normal with trade deals.

You're hardly expecting two negotiators to brief the press and finish it off with 'don't tell the other guy.'


no its not. Its only normal when governments want to quickly push a deal that they know their citizens would not agree with. such as some of the FTAs.
(edited 8 years ago)
Original post by Raiden10
This is pretty much empty rhetoric and extremely tangential. Stalinist Russia has not a dusty **** to do with the modern EU, TTIP, USA etc. Neither does ad-hominem discrediting the left.

Socialism/regulation is what keeps society together. Without it accumulation/redistribution of resources to a small minority happens, and then the rest of the individuals are deprived of the very resources that they need to function.

Neoliberalist philosophy resembles the philosophy of the cancerous cell in this way.

There is a duality betweem socialist regulation and the free market/endless growth, and too much drifting towards either philosophy is unwise. Currently we are too close to the free market extreme.


Capitalism will ultimately destroy itself once it manages to commodify labour and any market which is not fully and tightly controlled will result in drastic inequalities. The less controlled, the faster the inequalities grow.

Only a radical philosophy can bring about true change.
Original post by Guills on wheels
Capitalism will ultimately destroy itself once it manages to commodify labour and any market which is not fully and tightly controlled will result in drastic inequalities. The less controlled, the faster the inequalities grow.

Only a radical philosophy can bring about true change.


Which radical philosophy would that be?
Reply 34
Original post by Raiden10
Whereas you are proposing giving multinational corporations, who are already far too large, more powers. Does that even sound like it could be a problem to you?


It's not a "power" to be able to bring forward a case against the government that they have violated their agreements and/or the law. It is justice that advantages everyone and no-one in particular.

I actually think all law and regulation should be examined as to whether it advantages larger businesses, creating barriers to entry and competition. I am concerned by the extent of lobbying on Brussels institutions and a perceived lack of democratic accountability - for which, incidentally, we are as responsible as any other member state or those institutions themselves.

However I'm not remotely concerned about ISDS: something that is not remotely novel in our trade agreements with other countries. This country has a solid tradition of respecting the law and fair treatment of investors: we have nothing to fear from arbitration in disputes.
Original post by MatureStudent36
Which radical philosophy would that be?


You said that neither socialism nor a free market was the way forward. A radical economic philosophy would be either an entirely controlled market or a limited market.
Original post by Guills on wheels
You said that neither socialism nor a free market was the way forward. A radical economic philosophy would be either an entirely controlled market or a limited market.


I believe in a free market with limited controls. The one we have and the one that works
Original post by MatureStudent36
I believe in a free market with limited controls. The one we have and the one that works... for a certain group of people


Good for you.
Reply 38
Original post by MatureStudent36
I believe in a free market with limited controls. The one we have and the one that works


Then you are stupid (depending on what you mean exactly by "limited"). Stupid and dumb and dumb and stupid.

The rise in free market fundamentalism, led by Nixon/Thatcher/Reagan et. al. led first to an increase in precancerous bubbles/crises, and eventually directly to the 2007/2008 crash.

You believe in free market ideology, just not in EVIDENCE.

I refuse to believe that anyone who believes in free-market fundamentalist ideology is any more intelligent than Katie Price.
(edited 8 years ago)
Original post by Raiden10
Then you are stupid (depending on what you mean exactly by "limited":wink:. Stupid and dumb and dumb and stupid.

The rise in free market fundamentalism, led by Nixon/Thatcher/Reagan et. al. led first to an increase in precancerous bubbles/crises, and eventually directly to the 2007/2008 crash.

You believe in free market ideology, just not in EVIDENCE.

I refuse to believe that anyone who believes in free-market fundamentalist ideology is any more intelligent than Katie Price.


You believe in a different outlook than I do. That's fine. But name calling is not required especially when free markets demo garage only positives.

Might I suggest you read global shift by Dickens.

Quick Reply

Latest

Trending

Trending