Trade - Fast Track Agreements

The Governing Sovereignty of all participating countries will be decimated by Fast tracking the existing World Trade Agreements. The new secretive Multilateral Agreement on Investments - MAI will be on that Fast Track -- disfranchising countries and their citizens. The MAI agreement springs forth from the high sounding, Organization for Economic Cooperation and Development (OECD), and is destined to be forced on most countries. The World Bank and other global lending institutions have the leverage to coerce creditor countries into signing. MAI signatory countries will be locked into these, one-sided corporate interest', investment agreements for 20 years. There will be no governing sovereignty for such countries, their sovereignty will be eliminated by MAI appointed judges in these "Trade and Investment Court Tribunals." There will be only one United States Representative against all the other Country's Representatives. Therefore, Fast Tracking will eliminate the former sovereign governing rights of American Citizens, as well as for most of the other, participating countries, and their citizens.

Transnational corporations will have the World Trade Organization's legal powers to over rule the existing laws of countries at all levels. They will be able to sue governing bodies through the superseding codes of the MAI and/or through the World Trade Organization (WTO), if a law disadvantages them compared to homeland investment opportunities, or any other local economic advantages. Countries and their citizens will be rendered powerless to protect their vulnerable economic communities and economic sectors, while corporations will be empowered to rule with iron-clad sovereignty, and thus enjoy every policy code agreement advantage they can think of. Countries and their citizens will be burdened with new legal obligations to giant transnational corporations and will be at the mercy of their new far reaching legal powers and their attorneys. You will no doubt be paying a lot more taxes to pay off the judgments corporations win, but that will be only a fraction of the total cost to the vast majority of our global citizenry.

For example, transnational corporations have over invested in dirt cheap production countries and we now have a glut of excessive production on the global markets that is targeted at First World countries. Many of these Third World countries are devaluing their currency to further their export advantages and to make corporate investments even more tempting! Meanwhile, First World Homeland economies are realizing it is impossible to compete against theses horrific production cost and regulatory differentials! These economic policy inequities are heading the global economy head long into a crisis. A crisis brought on by the policy injustices that have been initiated by corporate greed, coupled with their mass media monopoly and political power.

We must sidetrack the Fast-Tracking of unjust global economic trade and investment policy agreements that will destroy equity of economic opportunity for participating homeland economies. Their advocates call it "A Comparative Advantage," this is an unjust non-competitive economic policy disaster that is wholly intolerable, and that is destroying, a just equity of economic opportunity for hundreds of millions of common citizens, worldwide. Countries do not trade, large corporations do the vast majority of all trading and foreign investing; this is their Global Agreement initiative not our country's, or ours. These Global Agreement Codes grant sovereign governing powers to Transnational Corporations and over rule the non-compliance laws of countries and the governing rights of the vast majority of global citizens. Food safety laws, pollution, and chemical contamination laws, could be overruled by the WTO court tribunals, as being in non-compliance with their global investment agreement codes.

Engineers build buildings from the bottom up for maximum stability and long term sustain ability; the same principle applies to the building of economies and economic policies. We must have Mutual Win/Win global and national economic policies for all economic classes and local economic communities. And not exploitative Win/lose economic relationship equations that greatly reduce the economic life chances of the vast majority of our World's citizenry. It is those on the bottom half that need fair play and just representation, not those already on top that are practicing massive exploitation of the least fortunate. "The global investment, production, and trade economy is not competitive; it is not a morally justifiable playing field; it is a non-competitive equation made up of non comparable production and investment cost, and regulatory cost differentials." This is the reality; do not forget these most essential realities!

Take a good look at the new "corporate audit privilege bills," in congress, [Audit Privilege Laws or Corporate Dirty Secrets Laws] or Right To Know Nothing laws. Even the press will not be able to expose the law violators! This legislation is unbelievable; add the Multilateral Agreement on Investments and all the other global trade and investment corporate initiated agreements and you have an enshrined sovereign global dictatorship of: see no evil, hear no evil, speak no evil, that can't be touched by any country. Corporations will truly rule the world with their new agreements, that our press is allowing them to initiate and pass without adequately informing the global citizenry.

Be sure to visit, People Centered Development Forums, click on, Rights of Money versus Rights of People, and see if you agree with David C. Korten's perspective. I must say his book, "When Corporations Rule the World," is a must read. We the people are both misinformed, and uninformed! And this situation will get a lot worse as the: see no evil, hear no evil, speak no evil, corporate laws are passed. Click on the links; these agreements and laws are unbelievable! Also, browse this link Transnational Corporations; good verification info.

First, Transnational Corporations control 2/3rds of the world economy: TNC's Control 2/3 of World's Economy. There are some 37,000 multinational corporations, and between them, they represent four fifths of all world trade and most of the foreign investments. How failed is this zero/sum win/lose economic policy system? We are being asked to bail out numerous trade and investment countries and the situation is escalating: Forty billion dollar bail out for Indonesia; 50 billion for Mexico's failed economy; 80 billion for Korea; 17 Billion for Thailand. Who foots the bill? Taxpayers like you will foot the bill for an economic policy system that destroys your economic opportunity equity!