That Hot US-EU Trade Deal? Destroys 600,000 EU Jobs – Study

Cutting wages – bad as that is – does not necessarily translate into the creation of new jobs, debt-crisis countries in the EU periphery have shown. But then, who would win in the TTIP?

by Don Quijones • November 29, 2014

In a 1994 interview with Charlie Rose, the British billionaire financier James Goldsmith delivered a stark, eerily prescient warning of the state the world would be in today if it succumbed to the freer borders and more centralized, corporate-owned governance envisaged by trade regimes such as NAFTA and GATT (the predecessor to the World Trade Organization).

Goldsmith was spot on about just about everything, from the threats posed by derivatives – then in their infancy – to the risks of industrializing agriculture throughout the developing world [You can watch the full interview here].