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daemonoid
World Chat Champion



Joined: 27 Jun 2008
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PostPosted: 09:37 - 21 Jul 2014    Post subject: ISDS Reply with quote
Soon companies will be able to sue governments if profits are hit by new laws...

https://www.theregister.co.uk/2014/07/18/will_the_useu_treaty_stop_brussels_acting_against_us_tech_giants/

This could seriously affect my pro-EU stance.
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Hetzer
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Joined: 19 Feb 2007
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PostPosted: 09:50 - 21 Jul 2014    Post subject: Reply with quote
Pretty clear who's in charge. Corporations. Illuminati-style hegemony. All about the wealth of the few in order to have the best toys.

Homo sapiens, pathetic.
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daemonoid
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Joined: 27 Jun 2008
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PostPosted: 10:25 - 21 Jul 2014    Post subject: Reply with quote
Hetzer wrote:
Pretty clear who's in charge. Corporations. Illuminati-style hegemony. All about the wealth of the few in order to have the best toys.

Homo sapiens, pathetic.


Illuminati make me think of conspiracy, the reality is far more mundane... People are out to get what's best for them and the combined stupidity of many individuals leads to this. Not the considered conspiracy many assume.

Either way... Companies acting in the pursuit of profit having a way to trump governments (supposedly) acting for the benefit of their citizens will not bode well...
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current: ducati monster 750
past: hyosung gt250r, bajaj pulsar 180, hyosung gt 125 comet
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daemonoid
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Joined: 27 Jun 2008
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PostPosted: 10:53 - 21 Jul 2014    Post subject: Reply with quote
From wikipedia, but here's a good example for anyone thinking that "if properly implemented it won't change things"

https://en.wikipedia.org/wiki/Investor-state_dispute_settlement#Chemtura_Corporation_v._Canada

Chemtura lost its pesticide claim against Canada. Canada banned pesticides it decided were unsafe. Seems fair...
Then... Canada/Quebec settled with Dow AgroSciences after banning another type of pesticide. Why would it settle? Possibly because the cost of legal proceedings is greater than any likely settlement.

Large corporations with pockets as deep as many countries will be able to influence using the system, even if the tribunals themselves are fair and reasonable.
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unitynotsocri... This post is not being displayed because the poster is banned. Unhide this post / all posts.
Old Thread Alert!

The last post was made 9 years, 275 days ago. Instead of replying here, would creating a new thread be more useful?
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