Thursday, February 26, 2015

Senator Warren on the TPP

In this article she specifically highlights one aspect of the TPP, Investor-State Dispute Settlement. This is basically a corporation can sue a government if the latter's regulations cost the corp lost profits. The judges in this case are not courts but a panel of businessmen who represent the very interests they are supposed to judge. In case you think no, this can't be right, some of the suits already brought include a French company suing Egypt because the latter raised its minimum wage. A Swedish company sued Germany because the latter is phasing out nuclear energy. No shit.

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