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> Imagine a world with no regulations because there are damaging the business. Welcome to a world where you need a mortgage if you are sick because there are ro
by onewaystreet 11y ago
> Imagine a world with no regulations because there are damaging the business. Welcome to a world where you need a mortgage if you are sick because there are royalties to be paid to the pharmaceutical companies.
What makes you think companies would win such cases?
- izacus 11y agoEven if they wouldn't - isn't the waste of time and money of courts enough? My government has really more important things to spend money on (like healthcare, social services, basic infrastructure) than beat away foreign corporation lawyers. And that's even before we even begin to discuss the idiotic idea of making your own companies and citizens accountable to foreign entities past local law.
- michaelt 11y agoSecretive courts are unaccountable courts. Let's say an arbitration court lawyer made a billion-dollar judgement in a corporation's favour, then the corporation offered the lawyer a position as an "expert legal advisor" paying a million dollars a year for very little work. I wouldn't turn down that offer if I was the lawyer, and I wouldn't hesitate to make that offer if I was the corporation.