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The lost middle class- another perspective: TTIP

edited October 2015 in Off-Topic
Merrily we march along. Here's an article from the British newspaper "The Guardian", with yet another aspect of this general topic. Some excerpts:

"The [British Labor Party] shadow chancellor, has described TTIP as “toxic” and resulting in a huge transfer of powers to Brussels and corporate interests that will bring about a form of “modern-day serfdom”."

"According to a report in the newsletter Washington Trade Daily, Levie told a conference held by US free market thinktank the Cato Institute that genetically modified crops and chemically washed beef carcasses were being allowed into the EU ahead of a deal."


The Cato Institute! Surely they will be watching out for the little guys, yes?

"The outcome of TTIP talks on public contracts, which will govern how US firms can bid for work in the health service, schools and other areas of the public sector, is also expected to prove controversial. Unions and anti-poverty campaign groups have warned of backdoor privatisations that will undermine the public sector ethos of health and education provision."

More "privatization? Can't be... American negotiators wouldn't sell out their own workers! Right?

"TTIP is already letting big business interests dictate our laws for the worse. This week an EU negotiator has let slip that negotiations on TTIP have helped speed up entry of GMOs and chemically washed beef into the EU market."

Well, you get the drift. “Modern-day serfdom” is an interesting concept, and was the unspoken thought behind my recent post on this topic. The "middle class" may prove to be a relatively short-lived phenomenon... perhaps we are reverting to the "historical socioeconomic mean."

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