Thursday, May 14, 2015
Thom Hartman on TPP's ISDS
That is, investor state dispute settlements. This means that a corporation can sue a country if that country's laws keep the corp from making a profit. And countries have already been so sued under ISDS sections from previous trade agreements. Hartmann provides some examples. In one case a corp admitted it had broken a country's laws and yet the ISDS tribunal, made up of corp lawyers who alternately represent said corps, awarded the corp millions of dollars to break the law! Let no law stand in the way of profits. And that's our tax money paying for their lawbreaking. So whom are the takers?