Long before the term “transatlantic” became fashionable on the global
stage, from 1984 onward I started and chaired the TransAtlantic Futures
Forum, a Washington-based discussion forum that convened well over 150
times.
And yet, it is precisely my more than three
decades’ worth of living and working experience in the U.S. capital that
tells me that Europe should resist the rush-cum-charm-offensive
currently laid on by the Obama Administration.
Against
ever longer odds, it still wants to get a deal over the Transatlantic
Trade and Investment Partnership (TTIP) done over the next few months.
As
a European, I have the distinct feeling that I have seen this movie
before. Remember the disastrous Iraq invasion which supposedly could not
wait for another day?
The German and the French
governments at the time were very smart and courageous to counsel
against the headlong rush into what everybody now recognizes has indeed
turned out to be a mega-calamity.
Therefore, a good rule of thumb is this: Whenever the U.S. government is keen to rush the political calendar, be extra careful.
What
about the argument raised by TTIP advocates that the world economy is
very brittle – and urgently needs a boost? And that such a boost can be
delivered via the TTIP?
That certainly sounds very
compelling – until you look at the actual numbers. The presumed benefits
resulting from a deal, measured in terms of their contribution to U.S.,
European or global GDP, are much smaller than often advertised.
Moreover,
the impression the public is deliberately left with is that the deal
would produce economic growth of the stated GDP range each year upon
taking effect.
In reality, the projected growth impact
would materialize, like a trickle, only over time, and even then
probably not for at least another decade.
This is no
real surprise. After more than six decades of ever more intense
cooperation, the transatlantic trade and investment relationship is
already very deep. Any further progress, by definition, must be quite
marginal.
As the current legal troubles of two of
today’s foremost U.S. corporate icons underscore, U.S. corporations have
very little appreciation of the customs of the European market and of
European societies.
All these titans of American
business actually care about is to take the money they can milk out of
European consumers – and run.
Forget all the silly
recitations about chickens etc. with which TTIP’s faithful boosters try
to belittle European citizens’ very legitimate concerns. The ruthless
and callously selfish stance of Apple, Google, Facebook and Amazon speak
clear enough a language.
In the United States, the
privacy rights of citizens, despite all the advertising and grand
speechifying on that subject matter, count for very little.
The
opposite is the case in Europe, largely due to the twin experiences of
Nazism and Communism. Privacy matters a great deal there.
When
Mark Zuckerberg wants it to be known that he truly, deeply cares about
human relationships, you know you are in deep trouble. Let’s not forget
that he founded Facebook because he couldn’t get a date.
These
are not companies that care about Europe. What they care about is to
carry a big stick – and swing it against anybody who dares to stand in
their way.
That is hardly an enticement for any
clear-headed European to make common cause with a corporatist democracy Ã
la the United States where corporations, due to the inner workings of
the campaign finance system, have the upper hand on all political
matters.
Simply put, it is not credible for Europeans
to sign a far-reaching transatlantic trade deal until these corporate
issues are ironed out.
At this stage, and with the
quite sad and disappointing track record the dominant U.S. corporations
of our time have built up in Europe, it is a matter of confidence
building, not of trusting.
Getting that confidence rebuilt will take a lot of effort – and hence time.
In
short, Europeans would be well-advised to take certain actions when
true goodwill has been established and when the evidence is in, but not
before.
Read more: TTIP: Why the Rush? - The Globali