Monday, August 29, 2016
ISDS: The Trade Dispute Arbitration System Whereby Money Flaunts Laws as Suits it
The lead off article in Buzzfeed on the ISDS system is a must read. It seems that trade laws that allows Big Money to move investment, and thus jobs, wherever it pleases, aren't bad enough now. The arbitration system to settle disputes between business' and nations has been so coopted, over the decades of its creation, that it is little more than a rubber stamp on what best suits the players in Big Money.
As I have said before, Big Money always finds a way; either at the front end of reform, or at the back end, via the long game. And a majority of the main players in both parties continue to support the trade deals that allow this to continue.
The Secret Justice System That Lets Executives Escape their Crimes