Public Media and Utilities Could be Crushed by TPP: Wikileaks

Wikileaks has dropped another TPP bombshell with a leaked letter suggesting the deal could force mass privatizations of state-owned enterprises The Trans-Pacific Partnership (TPP) could force state enterprises such as public utilities to put profits before public welfare and lead to mass privatizations, according to documents published by Wikileaks Wednesday. Under the TPP, state-owned enterprises (SOEs) would be forced to act “on the basis of commercial considerations,” according to the leak.

The document also suggests multinational corporations could be empowered to sue SOEs for supposedly uncompetitive actions like favoring local businesses.