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This all points back to the Multilateral Agreement on Investment, which reveals the intention of transnational corporations to try to limit sovereignty. It didn
by nickbauman 10y ago
This all points back to the Multilateral Agreement on Investment, which reveals the intention of transnational corporations to try to limit sovereignty. It didn't pass but it's terrific object lesson (especially in the aftermath of Brexit).
The irony is that the economic incompatibility thesis claims liberalization of capital tends to undermine free trade, because capital flows make very volatile markets, ultimately making it much harder for trade to take place. So what happens is the reaction to freeing up capital is increased protectionism which is what's generally happened since the '70s.
https://en.wikipedia.org/wiki/Multilateral_Agreement_on_Investment https://en.wikipedia.org/wiki/Multilateral_Agreement_on_Inve...