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Multinational Corporations Plans to Kill the Internet?

The Internet of Things (IoT) is getting powerful and with that it seems some multinational corporations are going for a move that will hold the public accountable for what it does on the internet.  Just recently,  we have heard of a controversial deal called ” Trans-Pacific Partnership agreement (TPP).”  According to reports,  the TPP text proposes creating tribunals (courts) that could overrule the decisions of countries, undermining sovereignty and governments power.

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The tribunals would be presided over by arbitrators (judges) appointed by the secretary-general of the International Centre for Settlement of Investment Disputes (ICSID), an institution of the World Bank Group. The ICSID is housed at the World Bank’s headquarters complex in Washington, D.C. The ICSID receives its funding from the World Bank, and the ICSID’s governing Council is chaired by the president of the World Bank. So the proposed TPP tribunals are, in essence, a means for transferring judicial authority over vast areas of domestic law to “arbitrators” picked by the World Bank — and the central bankers and the giant commercial/investment bankers that run the World Bank.

This morning, government officials reported that the controversial Trans-Pacific Partnership agreement has been “finalized” after a weekend of closed-door meetings in Atlanta. Fight for the Future, a leading digital rights group that has opposed the deal due to its lack of transparency and extreme copyright provisions that could lead to Internet censorship, issued the following statement, which can be attributed to Campaign Director, Evan Greer:

Watch this video to understand further what the  Trans-Pacific Partnership agreement (TPP) is:

Why should this agreement not be allowed in any country specially when it comes to the Philippines?

This agreement will give vast power to Transnational and Multinational Corporations (TMNCs) meaning that they can sue the Philippine government for violations of their copyright and patent.  In essence it would create a monopoly and capitalists hold on government which will prevent innovation and greatly hamper freedom over the internet.

According to Fight for the Future is a digital rights nonprofit, “The TPP is a wishlist for monopolistic corporations that inherently benefits giant multinational companies while undermining small businesses and startups. Based on the latest leaks, the TPP contains extreme copyright provisions that will stifle innovation, harm the tech economy, and worst of all, threaten our basic rights to self-expression by paving the way for widespread Internet censorship.”

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So far the TPP had not reached the Philippines but being the social media capital of the world who knows if it is already here and TMNCs are already lobbying in the House of Representatives and the Senate.

We should be aware and vigilant of moves like this to curtail the freedom of the internet.  A medium as powerful as the internet should be free for all because once it will be ruled by power and money then we – the public, lost the battle and will be the victim.

For more information regarding the Trans-Pacific Partnership agreement (TPP) please visit https://www.fightthetpp.org/#top.

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Article written by:

A blogger and social media user since 2007 back when it was not yet a mainstream. Graduate of BS Accountancy, a social media buff, Wattpad writer, entrepreneur, cosplayer, social activist and counselor.

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