- Published on Saturday, 12 July 2014 08:52
The Shock Doctrine has been applied across developing and developed nations alike and typically involves privatising national utilities, giving corporations an assured income stream from daily necessities, like water. While French companies Veolia and Suez Environment have taken control of water supply across Europe and beyond, they are losing control of their domestic market as more municipalities are copying Paris and returning this vital utility to public control.
Hat tip to Arvind for this
free trade and investment agreements (TTIP, TPP, CETA, TISA), being negotiated in secret, contain provisions (ISDS) which would allow companies like Veolia and Suez Environment to sue governments (in secret tribunals) which nationalise their water industry, on the grounds of loss of profits. This was explained at a meeting on Thursday in London:
Hat tip to Ruth for the notes