Imagine you introduced a government bill creating massive financial penalties for any policy which was not in the interests of corporations.
It would be the subject of fierce debate. But do it at an EU level and no-one even notices.
That surely is the most seductive aspect of the EU for governments and corporations: no-one cares what you get up to in Brussels.
Right now, late-stage negotiations are taking place between the EU and the US which would make it financially calamitous for a national state to do anything against the interest of corporations.
Hardly anyone even knows it is happening.
When it is passed, it will be the biggest bilateral trade deal in the history of mankind - and it will barely warrant a mention outside of the business pages.
It's called the Transatlantic Trade and Investment Partnership (TTIP). Inside it is an innocuous-sounding provision called the 'investor-state dispute settlement'. This allows private companies to sue nation states if they feel a law lostRead More »from The EU-US treaty which overrules Westminster