London protests against the TTIP (the EU's TPP)
Vice (sadly owned by Rupert Murdoch but still feisty) has a long article and an interview with protestors, but this is the point Mellon has been pounding on:
The most worrying element of the TTIP, however, is the concept of investor state dispute settlements. This will allow corporations to sue countries for creating laws that aren’t beneficial to businesses—and not only for loss of profits, but for loss of future profits. That might sound like the kind of hypothetical horror story you’d see posted on the Infowars forum, but this kind of thing is already happening the world over thanks to older free trade agreements, such as the much criticized North American Free Trade Agreement.
A company called Lone Pine Resources, for example, is suing the Canadian government for $250 million after fracking was temporarily prohibited in Quebec; tobacco giant Philip Morris is suing Australia for making plain packaging mandatory on cigarettes; and when Ecuador tried to re-nationalized their oil industry, Occidental Petroleum Corporation sued them and won $1.7 billion, more than the company’s net income for any of the three previous quarters.
And these aren’t cherry-picked cases; corporations are becoming increasingly willing to seek investor-state dispute settlements. In 2012—the last year with available data—514 cases were filed, the highest number on record. Not only do these settlements cost governments huge amounts of money, they also have a detrimental effect on legislation, as countries are forced to consider how new laws will impact corporations rather than their own citizens.
All of these causes for concern are compounded by the secretive nature of the discussions. So far most of the significant information about the negotiations has come from leaks, and the EU’s chief negotiator has confirmed that all documents pertaining to the discussions will be out of the public’s reach for 30 years.
When you think about it, it's hard to see these trade agreements as anything other than treason.