An excellent explanation of impossible-to-ignore major defects of the Trans-Pacific Partnership (TPP) – providing undeniable reasons for extreme caution, thorough examination and exhaustive debate/amendment in Congress.
By Robert A. Vella
On Thursday, examined the most contentious and disturbing aspect of the Trans-Pacific Partnership (TPP) trade agreement that President Obama has been pushing along with his corporatist allies in the Republican Party. A provision known as the Investor-State Dispute Settlement (ISDS) would essentially allow multinational corporations to circumvent the environmental, labor, and consumer laws of participatory countries by creating a super-national arbitration process where such businesses could seek compensatory damages for unrealized profits. The effect of this provision would obviously subordinate the sovereignty of nation-states to an unelected global authority, and would weaken the ability of free peoples to govern themselves as they see fit. Furthermore, corporate-friendly ISDS rulings would leave taxpayers financially liable.of The Washington Post
Sargent referenced a letter recently sent to the Democratic and Republican leaders of Congress by five highly respected legal experts which expressed their grave concern about the…
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