More Power Can Be Given to Corporations With Obama in Office

President Obama is breaking the promise he made to his devoted followers as he traveled around the country prior to his first instatement and his reinstatement. He is giving more power to corporations.

President Obama and British Prime Minister David Cameron have expressed their desires for undertaking a new free trade agreement between the United States and the European Union in which they believe is vital to our “broader transatlantic economic relationship” with Britain.

As of now, a protocol of the World Trade Organization only allows corporations to deceive sovereign nations into believing the corporations’ rights are being encroached upon and thereby necessitate a case be adjudicated amongst the private judicial bodies of the WTO. However, it seems as though the superintendence of appeals for regulatory laws will be transferred to the private judicial bodies of the World Bank. Multinational corporations’ legal power shall soon be upgraded with the forthcoming implementation of the “investor-state dispute resolution” which has been included in United States diplomacy with other nations since the signing of the North American Free Trade Agreement (NAFTA) of 1994.

Human rights activists have expressed perturbation and concerns about the legalization of this free trade instrument possibly equipping corporations with the ability to juxtapose the regulatory policies of a number of governments across the globe and litigate against those upholding the strictest laws. These human rights activists fear the possibility of multinational corporations becoming paralleled with sovereign countries and nation-states in the hierarchy of political and legal authority. This investor-state dispute resolution, meant for foisting upon us the next phase in fulfilling the global corporatocracy, would warrant a corporation to petition an international tribunal to review a regulatory law and have a case wherein the verdict will be made in favor of the corporation purposefully for exempting it from the law and punishing any country or government who contravenes the verdict of the international tribunal or the corporation’s presupposed rights, purportedly causing their profits and revenue to decrease. The United States can be made subject to such punishment. 

While domestically headquartered multinational American corporations will be restrained by many laws and regulations, overseas headquartered multinational corporations in service on American soil will be allowed to bring any regulatory laws before any international tribunal, have the arbiter(s) therein transcend American laws and rule in favor of the foreign plaintiff(s) to punish the defendant(s).

The international tribunals would be run by people of the private sector alternating between arbiter and the attorney fighting for the plaintiff or the defendant depending on who the snollygosters think would best fulfill their contracts and needs after fighting for, representing and judging the litigants. Who becomes the winner or loser of these private court cases shall make no reduction in the enslavement of the peons being you and I. The winner and loser will only determine which slavemaster of ours will exercise more authority than the other slavemaster. 

The same business lobbying group that solicited for Congress to legislate extensions of the Bush-era tax cuts for America's plutocrats is the same group that has, for many years now, been fomenting the establishment of new free trade pacts as well as addendums to be made with the Trans-Pacific Partnership agreement that was signed into law by Barack Obama and won overwhelmingly strong bipartisan support.