The United States Congress will be voting to 100% pass or 100% reject, the Trans Pacific Partnership (TPP), a massive free-trade agreement with Mexico, Canada, Japan, Singapore and seven other countries.
Something buried in the fine print of the closely guarded draft, is an increasingly common feature of trade agreements. Its called “Investor-State Dispute Settlement,” or ISDS.
Agreeing to ISDS in this enormous new treaty would tilt the playing field in the United States further in favor of big multinational corporations. Worse, it would undermine U.S. sovereignty.
[b][i][u]ISDS would allow foreign companies to challenge U.S. laws — and potentially to pick up huge payouts from taxpayers — without ever stepping foot in a U.S. court.[/u][/i][/b]
Example: international company Z-stuff, decides to use an an untested chemical in their manufacturing process of their product XYZ, which turns out to have really bad health affects. America passes legislation banning the chemical.
Now, under the TPP the company could go file a dispute with an international panel of arbitrators, and that panel could require American taxpayers to cough up millions, with [b][u]0[/u][/b] ability for U.S. courts to overturn, or even challenge it. Undermining our ability to govern ourselves, rendering our constitution pointless.
https://www.washingtonpost.com/opinions/kill-the-dispute-settlement-language-in-the-trans-pacific-partnership/2015/02/25/ec7705a2-bd1e-11e4-b274-e5209a3bc9a9_story.html
Every person living in a country affected by this should be F[u]U[/u][b][/b]CKING FURIOUS about this. But its much more likely everyone will just shove their faces in some reality t.v. or their iphones, while believing every buzzword filled lie they see.
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I'm Australian yet I've an interest in U.S. Politics, you may have seen me reply to some posts. But yeah I agree mate, I do not like this deal at all, I'm quite critical of corporate power in the U.S. and the state of some things there, we have our own 1% as well but nowhere near like the U.S. I do not want that same corruption to come to Australia, it horrifies me that this is being allowed to happen.