[...]The WikiLeaks analysis explains that this lets firms "sue" governments to obtain taxpayer compensation for loss of "expected future profits."
Under the accord, still under negotiation but nearing completion, companies and investors would be empowered to challenge regulations, rules, government actions and court rulings -- federal, state or local -- before tribunals organized under the World Bank or the United Nations.
Let that sink in for a moment: "[C]ompanies and investors would be
empowered to challenge regulations, rules, government actions and court
rulings -- federal, state or local -- before tribunals...." And they can
collect not just for lost property or seized assets; they can collect
if laws or regulations interfere with these giant companies' ability to
collect what they claim are "expected future profits."
[...]
The tribunals that adjudicate these cases will be made up of private-sector (i.e., corporate) attorneys. [...]
No comments:
Post a Comment