All international agreements represent a sacrifice the "highest authority" makes, setting their reputation and future ability to make agreements as collateral.

All international agreements represent a sacrifice the "highest authority" makes, setting their reputation and future ability to make agreements as collateral. The "highest authority" further diluted its own authority by making a corporate deal that went against previously made agreements with its actual peers (states), damaging the collateral it already put up. Whatever ideas you have about the state needing to have the highest authority in the land, if we follow that through by not holding them accountable for agreements made, then that actually substantially dilutes the power the state can have.