General Discussion
In reply to the discussion: My main concerns with the TPP, TISA, TTIP, etc. are not job losses but the [View all]JDPriestly
(57,936 posts)an overpriced property to use for a bad purpose and then expect to be reimbursed for their losses caused by their stupid mistake in thinking they could pollute as they wished in Mexico.
I think that Metalclad took an unwise risk and lost and should have lost big. The Mexican people through their government should not have had to relieve Metalclad of the loss caused by Metalclad's bad judgment and poor decision-making. Metalclad should have made sure that its facility was wanted before Metalclad bought the land.
The TPP is essentially a bail-out insurance plan for stupid business decisions, and the insurers are the people of the countries that are trying defend themselves against the stupid business decisions of the corporations.
The TPP courts in that sense are one big bail-out plan for the incompetent and greedy. That is yet another reason i oppose the agreements. Let the corporations buy insurance from some sort of pool of insurance investors. Leave governments out of the corporate bail-out business.
Again, I oppose the TPP.