{"id":18478,"date":"2016-03-04T06:43:51","date_gmt":"2016-03-04T11:43:51","guid":{"rendered":"http:\/\/olduvai.ca\/?p=18478"},"modified":"2016-03-04T06:43:51","modified_gmt":"2016-03-04T11:43:51","slug":"nobel-prize-economist-condemns-obamas-trade-deals","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=18478","title":{"rendered":"Nobel-Prize Economist Condemns Obama\u2019s \u2018Trade\u2019 Deals"},"content":{"rendered":"

Nobel-Prize Economist Condemns Obama\u2019s \u2018Trade\u2019 Deals<\/a><\/h3>\n
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The Nobel-Prize-winning former chief economist of the World Bank, and Chairman of the Council of Economic Advisers to the U.S. President, Joseph Stiglitz, went to England to warn the British public, and Parliament, that \u201cno democracy\u201d can support U.S. President Barack Obama\u2019s proposed trade-deals, because all of these have a feature built into them, called Investor State Dispute Resolution, or ISDS, which will establish a supra-national authority that gives international corporations the power to sue any signatory nation that introduces new or increased economic regulations regarding product-safety, the environment, workers\u2019 rights, or anything else that the corporation alleges lowers the corporation\u2019s profits; and because these cases will be tried not in courts that are subject to the given nation\u2019s constitution and laws, but instead by private three-person panels of mainly corporate lawyers, and their rulings will not be subject to being appealed within the given nation\u2019s court system \u2014 the panel\u2019s decison will be final. There will be no democratic accountability at all, regarding regulations and laws that are designed to protect the public: environmental, product-safety, and workers\u2019 rights. The existing regulations will be, in effect, locked in stone, or else decreased \u2014 never increased, no matter how much the latest scientific findings might indicate they ought to be. That\u2019s because the international corporations\u2019 panels will have powers above and beyond any signatory nation\u2019s constitution and laws. ISDS gives international corporations the right to sue taxpayers; it does not give any government the right to sue an international corporation (and that also means no right to sue such a corporation for having filed a frivolous lawsuit against the taspayers). It\u2019s a new profit-center for international corporations, in which those profits are coming from the taxpayers of nations that lose these lawsuits \u2014 and these cases will explode in volume if Obama\u2019s deals get passed.<\/span><\/p>\n

…click on the above link to read the rest of the article…<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Nobel-Prize Economist Condemns Obama\u2019s \u2018Trade\u2019 Deals The Nobel-Prize-winning former chief economist of the World Bank, and Chairman of the Council of Economic Advisers to the U.S. President, Joseph Stiglitz, went to England to warn the British public, and Parliament, that \u201cno democracy\u201d can support U.S. President Barack Obama\u2019s proposed trade-deals, because all of these have […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[3306,4394,6367,5388,460,1132,4500,5510,888],"class_list":["post-18478","post","type-post","status-publish","format-standard","hentry","category-economics","tag-barack-obama","tag-eric-zuesse","tag-investor-state-dispute-resolution","tag-isds","tag-joseph-stiglitz","tag-ttip","tag-ttp","tag-washingtons-blog","tag-world-bank"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/18478","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18478"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/18478\/revisions"}],"predecessor-version":[{"id":18479,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/18478\/revisions\/18479"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18478"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18478"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18478"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}