An anonymous reader writes: The leaked documents show how stipulations outlined in the TISA documents advanced the "deregulation" of big corporations entering overseas markets.
According to the leaked documents, the TISA rules would also restrict governmentsâ(TM) ability to determine the size or growth of certain economic activities and entities, preventing nations from limiting the size of foreign companies in the market.
"The TISA provisions in their current form will establish a wide range of new grounds for domestic regulations to be challenged by corporations â" even those without a local presence in that country," WikiLeaks warned on Wednesday.
The whistleblowing website went on to note that the proposals and language contained in the text promotes what it described as âoethe corporatization of public services.â
There is growing evidence that the privatization of state-owned companies leads to an increase in costs for consumers. In the 34 OECD countries, for example, the average price for energy charged by private companies is 23.1 percent higher than the price charged by public companies.