Risks and Opportunities for Consumer Welfare, 56 pp (tags)
The TTIP is a “black box” transferring sovereignty from states and communities to corporations. Labor and environmental regulations can be chilled or invalidated as “takings” or “indirect expropriations.” Public interest legislation can be annulled as violations of the “human right to profit.”
Video: Richard Trumka on TTIP (tags)
TTIP represents a crisis for democracy and the constitutional state. Corporations could sue states in parallel private arbitration courts. Labor and environmental regulations could be chilled or invalidated as indirect expropriation.