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In reply to the discussion: Five Leading Legal Scholars on TPP: We Write Out of Grave Concern [View all]Unvanguard
(4,588 posts)6. Maybe a bit overstated but sounds basically right to me.
The case for ISDS is that it fixes rule-of-law deficits in places where the norm is weak; investors who don't trust the domestic courts to protect their rights have access to an alternative. The problematic institutional features of the process, described in the article, combined with the willingness of investors to use it as a process even where domestic courts would provide adequate treatment, make it unclear that this is actually their primary accomplishment.
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The Investor Class- one of my most disliked, but accurate terms these days.
appalachiablue
May 2015
#43
Seems like they'd do better to become an arbiter so that countries or corporations could choose them
Hoyt
May 2015
#3
Funny how most countries are content with the dispute mechanism that is in over 2500 trade agreement
Hoyt
May 2015
#9
There's a bit of xenophobia in the opposition too, not to mention lack of concern for poor in
Hoyt
May 2015
#30
You think we'll get extra tax revenues from TPP and we will use the money for "safety nets"?
DisgustipatedinCA
May 2015
#20
Yes, it will increase tax revenue now, and even more when Congress gets off its rear
Hoyt
May 2015
#22
I'm glad that you, Boehner, and McConnell are beginning to address the injustices. nt
DisgustipatedinCA
May 2015
#32
And many are opposed because they believe he's intent on making them slaves, or some
Hoyt
May 2015
#18
You want domestic courts that are independent enough to rule against the government.
Unvanguard
May 2015
#12
This is so completely disheartening, made immeasurably so by its being pushed by a DEMOCRATIC Presi-
WinkyDink
May 2015
#7
The notion that citizens, scholars or presidents can do anything to halt this inevitable surrender
librechik
May 2015
#11
Totally agree...Reagan,the DLC, and Bush tax-cuts all preferred capitalism to democracy
HereSince1628
May 2015
#35
I wouldn't argue against that... my comment isn't that things must change
HereSince1628
May 2015
#42
Silly! Obviously they haven't listened to anonymous DU Internet experts!!11!!11
riderinthestorm
May 2015
#28
We used to say "follow the money" But this is so opaque that we must "follow the cheerleaders"
libdem4life
May 2015
#46