Thursday, April 2, 2015

Trans_Pacific Partnership, TPP: It's SO Bad -- that even members of Congress are Shocked

It's SO Bad -- that even members of Congress are Shocked 



[...]

    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.
The WikiLeaks analysis explains that this lets firms "sue" governments to obtain taxpayer compensation for loss of "expected future profits."
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. [...]

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