 A Multinational Trojan Horse: The Trans-Pacific Partnership (Image by Red Ice Creations) Details DMCA | Advocates use the concept of free trade, like are it's a silver bullet, that solves the world's growth challenges to justify Fast Track's TTP, but hidden behind the faà §ade of free trade crony capitalists' are legislating protectionism for multinational corporations in the form of the investor-state dispute settlement (ISDS) process. Corporations can use ISDS to appeal to extra-judicial tribunals that bypass courts and usual forms of due process to seek monetary damages equaling "expected future profits." TPP even removes the "essential security" exemption, so foreign investors can file ISDS challenges on what governments claim to be national security decisions. This effectively creates an insurance policy for large firms to move operations, robbing the United States of its one competitive advantage over low-wage countries: a well-developed rule of law. |
Read the rest of the story HERE:
At prospect.org
At prospect.org
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