Mega-Regionals such as the Transatlantic Trade and Investment Partnership are the new kind of comprehensive trade and investment agreements which will enhance corporate power and limit policy space. They are part of a new constitutionalism that secures the power of capital in the long term by locking-in neo-liberal reforms. This contribution assesses the Mega-Regionals’ claims of job growth, identifies the forces behind the Mega-Regionals, highlights the corporate privileges in comparison to the weak protection that is granted to workers, and points to some of the likely consequences of the Mega-Regionals for workers. It ends with a discussion of counter-strategies available for workers and their organizations.
Mega-Regionals; TTIP; TTP; CETA; Free trade; Corporate power; Weakening of workers’ rights; Political space reduction.