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bhikkhu

(10,789 posts)

6. That's not what happened in Egypt, Veolia v. Egypt

Sun Jul 3, 2016, 03:48 PM

Jul 2016

Veolia is a French company that had a waste management contract with the Egyptian government in Alexandria. It included provisions that if costs increased, the company's compensation would increase. Egypt raised their minimum wage, which increased the labor costs to Veolia, so by contract Veolia should have had their compensation increased for managing waste collection. The government didn't agree, and the venue for resolving such disputes is ISDS arbitration.

If there were no trade agreements with pathways to arbitration and settlement, the risks of doing business would be much greater, and the old greased-palm, back-room deals and corruption (or perhaps bankruptcy if you don't play it right) would be the rule again.

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by Robert Reich:The Trans Pacific Partnership is a travesty. [View all] elleng Jul 2016 OP

K&R'd! snot Jul 2016 #1

Um, Dr. Reich, Hillary Clinton is FOR the TPP... modestybl Jul 2016 #5

"Hillary Clinton is FOR the TPP"? red dog 1 Jul 2016 #24

The pudding has yet to be made. In it, we will find the proof. nt cherokeeprogressive Jul 2016 #36

Would be a lot easier to determine where she stands if she stood against it from the get-go. PoliticalMalcontent Jul 2016 #45

⬆️⬆️⬆️⬆️ This Avalon Sparks Jul 2016 #47

"Vehemently"? I don't think so. And the "TPP" that she was originally in favor of is not the TPP.. George II Jul 2016 #50

How so? sulphurdunn Jul 2016 #54

She said how in her formal statement when she came out against it. George II Jul 2016 #56

Got a link? sulphurdunn Jul 2016 #57

hillaryclinton.com George II Jul 2016 #58

Can't find a word sulphurdunn Jul 2016 #59

Can you please link to it reflection Jul 2016 #60

This search dvduval Jul 2016 #61

Wants to redo nafta too dvduval Jul 2016 #62

Thank you reflection Jul 2016 #67

I guess my question would be why push for something when it's not a finished product... PoliticalMalcontent Jul 2016 #68

Why push for something before it's finished? If every public official waited for something..... George II Jul 2016 #69

Yes, you push for things you support before they are finished. PoliticalMalcontent Jul 2016 #75

Yes, she explained why she changed her mind. Basically she saw what many other people saw... George II Jul 2016 #78

Clinton majority voted for the TPP liberal from boston Jul 2016 #71

This. He stands against the Party, thus us, on this issue (ntxt) scscholar Jul 2016 #76

TPP ISDS and the Democrats Arizona Roadrunner Jul 2016 #2

Exactly! elleng Jul 2016 #3

That's not what happened in Egypt, Veolia v. Egypt bhikkhu Jul 2016 #6

What right does any corporation have to do business in a foreign country? fasttense Jul 2016 #14

Corporations do not have that right but national governments have the right to allow foreign pampango Jul 2016 #20

Its just standard contract law bhikkhu Jul 2016 #34

huh, I remember contracts made with unions and workers that were trashed fasttense Jul 2016 #55

One for the bookmarks! forest444 Jul 2016 #7

+ 1 red dog 1 Jul 2016 #23

Reich is wrong about one thing: Hillary is not really against TPP. Vattel Jul 2016 #4

May I ask you WHY you feel that way, concerning Hillary? Sources,links and quotes please... REALforever Jul 2016 #9

I can't be sure, but given her earlier very strong support of TPP and other trade deals, Vattel Jul 2016 #11

+10 SHRED Jul 2016 #13

A little bit of recent history... modestybl Jul 2016 #17

Yep. After the election, I've little doubt that she will proclaim Marr Jul 2016 #38

So True sangfroid Jul 2016 #43

Yep. SheilaT Jul 2016 #51

She will be referred to as having "evolved". Lots of evolving going around. n/t jtuck004 Jul 2016 #64

Chamber of Commerce Lobbyist Tom Donohue: Clinton Will Support TPP After Election AntiBank Jul 2016 #30

oh boy-- Fast Walker 52 Jul 2016 #65

they asked for links AntiBank Jul 2016 #66

I know Fast Walker 52 Jul 2016 #73

I wish there was a point-by-point summary somewhere of what is wrong with it bhikkhu Jul 2016 #8

I agree.. It seems like there's a "ANY Trade Agreement is Shit" Movement afoot. REALforever Jul 2016 #10

You got it. ALL free trade agreements are sh*t. fasttense Jul 2016 #16

Great point. There are good trade agreements - like FDR's - and bad trade agreements. pampango Jul 2016 #22

This isn't really about trade... modestybl Jul 2016 #29

Do you believe "trade agreements" are negotiated with people in mind rather than corporations? nt cherokeeprogressive Jul 2016 #37

It's the special tribunals just for corporations to sue nations fasttense Jul 2016 #15

I understand the concern, but we already have that with the WTO bhikkhu Jul 2016 #35

Part of the problem - we aren't allow to read the treaty itself... modestybl Jul 2016 #18

The full text is right here: pampango Jul 2016 #21

That is a lot... but section 8 alone should scare you... modestybl Jul 2016 #27

Even in the summary... section 7 should scare you... modestybl Jul 2016 #19

No they don't Egnever Jul 2016 #63

Yeah, they so ... it will cost... modestybl Jul 2016 #70

Pretty hard to rectify that nonsense with the actual text from the TPP Egnever Jul 2016 #74

Nonsense to question environmental safeguards? modestybl Jul 2016 #77

Nonsense to claim the TPP prevents them in any way Egnever Jul 2016 #80

That's an understatement. nt silvershadow Jul 2016 #12

I've already signed that petition red dog 1 Jul 2016 #25

Just signed it! chwaliszewski Jul 2016 #52

Robert Reich under the bus as a TPP denialist by the corporatist patrol on 3,2,1... AntiBank Jul 2016 #26

Recommended Ellen. guillaumeb Jul 2016 #28

Well... Else You Are Mad Jul 2016 #31

True. and if they get even richer guillaumeb Jul 2016 #41

Thanks, guillaumeb. elleng Jul 2016 #33

Reich is wrong. A lot. eom MohRokTah Jul 2016 #32

I've noticed you never actually make an argument on this. Marr Jul 2016 #39

You are not alone in noticing. guillaumeb Jul 2016 #42

The only good trade agreement is one that deals with mutually agreed tariff reductions-- eridani Jul 2016 #40

K&R liberalla Jul 2016 #44

K&R ornotna Jul 2016 #46

If Hillary Against It Then Tell Them To Reject It billhicks76 Jul 2016 #48

Good idea. Dem ptb can't, apparently, bring themselves to do the right thing. elleng Jul 2016 #49

Yep colsohlibgal Jul 2016 #53

Elizabeth Warren is alarmed by this... modestybl Jul 2016 #72

And for those who do not know this, they should read your link. Thanks for posting. lonestarnot Jul 2016 #79