General Discussion
In reply to the discussion: Here's the source for some of the pro-TPP bull$hit being disseminated on DU: [View all]eridani
(51,907 posts)Only 5 of 29 sections have anything at all to do with these actual trade-related concerns. Most of it is about allowing corporations to fuck over elected governments.
ISDS isnt a one-time, hypothetical problem weve seen it in past trade agreements. Just in the past few years:
--A French company sued Egypt after Egypt raised its minimum wage.
--A Swedish company sued Germany because Germany wanted to phase out nuclear power for safety reasons.
--A Dutch company sued the Czech Republic because the Czech Republic didn't bail out a bank that the Dutch company partially owned.
--Philip Morris is using ISDS right now to try to stop countries like Australia and Uruguay from implementing new rules that are intended to cut smoking rates because the new laws might eat into the tobacco giants profits.