Michael HudsonMay 12, 2016 (PaulCraigRoberts.org) -- In his May 9, 2016, speech to European medical professionals, Michael Hudson points out that the result of TTIP for Europe will be the privatization of health care systems with the associated much higher costs.
Hudson’s accurate description of TTIP shows that politically powerful corporations have gained the power in Western “democracies” to sacrifice the welfare of all populations to corporate greed for profit regardless of the cost to peoples, countries, and societies.
The evil of American “democratic capitalism” is total and irredeemable. TTIP gives corporations unaccountable power over governments and peoples. The corporations must be slapped down hard, fiercely regulated, and forced by threat of long prison sentences to serve the public interest, and not the incomes of the executives and shareholders who comprise the One Percent.
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Dr. Paul Craig Roberts was Assistant Secretary of the Treasury for Economic Policy and associate editor of the Wall Street Journal. He was columnist for Business Week, Scripps Howard News Service, and Creators Syndicate. He has had many university appointments. His internet columns have attracted a worldwide following. Roberts' latest books are The Failure of Laissez Faire Capitalism and Economic Dissolution of the West, How America Was Lost, and The Neoconservative Threat to World Order.
