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> There can be no dispute, the state dictates the law and the companies either comply or leave the country. Why even have free trade agreements if you can crea
by friedman23 9y ago
> There can be no dispute, the state dictates the law and the companies either comply or leave the country.
Why even have free trade agreements if you can create laws that will destroy foreign business? ISDS is not so states can be subject to companies, it for states to follow agreements they sign. If the state values muh sovereignty so much they can simply reneg on the agreement and lose the benefit of free trade.
- shoo 9y ago> Why even have free trade agreements if you can create laws that will destroy foreign business? if the business in question is only profitable because it pushes negative externalities onto other parties due to lack of regulation (e.g. tobacco companies, anyone on the supply/demand side of unregulated polluting industries) then it sounds like destroying such business models through regulation is a feature, not a bug.
- Aaargh20318 9y ago> ISDS is not so states can be subject to companies, it for states to follow agreements they sign. Countries have their own legal systems for that, there is no need for ISDS.