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Sat Jan 5, 2013, 04:58 PM

The age of the billion-dollar global corporate shakedown


The age of the billion-dollar global corporate shakedown

""Foundational initiatives by our government such as the Canada-U.S. FTA and NAFTA, along with a wave of privatizations, extensive deregulation, historic tax reform, a low-inflation policy, dramatically reduced program spending while trimming the deficit, laid the basis for growth and enabled Canada to compete vigorously in a rapidly globalizing world."

So wrote former prime minister Brian Mulroney in his trademark pompous, self-congratulatory style in an article published on this website Christmas Day.

The North American Free Trade Agreement was the first of a New World Order of trade agreements designed, to borrow the words of the Trilateral Commission in 1975, to repeal “an excess of democracy in the western world.” It set a precedent never before dreamed of, let alone achieved, in international trade: the right of private investors to sue nations. And not just for millions, but billions, robbing national treasuries of the means to address the social and economic needs of their citizens and, in many cases, pushing them back into extreme poverty.

One example serves to underline the appalling injustice of this new age of corporate government. U.S. cosmetics billionaire Ronald Lauder sued the Czech Republic under a BIT (Bilateral Investment Treaty). The Czech Republic was ordered to pay US$270 million plus interest — the equivalent of the country’s entire health budget."


The rest at: http://www.ipolitics.ca/2013/01/04/the-age-of-the-billion-dollar-global-corporate-shakedown/

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Reply The age of the billion-dollar global corporate shakedown (Original post)
Joe Shlabotnik Jan 2013 OP
limpyhobbler Jan 2013 #1
Vincardog Jan 2013 #2
bemildred Jan 2013 #3

Response to Joe Shlabotnik (Original post)

Sat Jan 5, 2013, 05:10 PM

1. k/r

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Response to Joe Shlabotnik (Original post)

Sat Jan 5, 2013, 05:50 PM

2. Is this a reciprocal deal? Can the fishermen sue the US for enabling global warming and CO2?

Can the people flooded out in SE Asia sue the coal companies?
IF so let's do it.

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Response to Joe Shlabotnik (Original post)

Sun Jan 6, 2013, 07:00 AM

3. Our self-appointed betters never seem to worry about an excess of tyranny or power in few hands.

That sort of thing is just peachy. But "excess of democracy", that is a big threat.

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