>The intent is to stop things like what happens in South America, where they look around, see an oil company sitting there that is majority foreign owned and nationalise it to fix a balance of payments issue[2]
This was normally done to channel the vast oil wealth into the country where it could help people rather than into the pockets of wealthy foreigners.
Call it 'fixing a balance of payments issue if you will'. Or, call it "helping the poor". It's both.
>First world countries with strong court systems already have these protections in place. This is aimed at other countries who don't have quite as strong a rule of law.
Foreign corporations will be able to sue the American government for lost profits under the TPP. This will undoubtedly be used to try and stifle new labor & environmental protection laws.
>Agreements are negotiated in secret.
Sure. When you've got something you desperately want to hide from the public.
This was normally done to channel the vast oil wealth into the country where it could help people rather than into the pockets of wealthy foreigners.
Call it 'fixing a balance of payments issue if you will'. Or, call it "helping the poor". It's both.
>First world countries with strong court systems already have these protections in place. This is aimed at other countries who don't have quite as strong a rule of law.
Foreign corporations will be able to sue the American government for lost profits under the TPP. This will undoubtedly be used to try and stifle new labor & environmental protection laws.
>Agreements are negotiated in secret.
Sure. When you've got something you desperately want to hide from the public.