> Also the state isn't permitted to do whatever it wants if it wishes to remain a part of the global financial system. Interestingly, the article also paints t

> Also the state isn't permitted to do whatever it wants if it wishes to remain a part of the global financial system. Interestingly, the article also paints this fact in a fairly cynical light. > A country that doesn’t pay its arbitration bills can wind up blackballed by foreign investors. “Rather than hopelessly resist,” Born told me, “the overwhelming majority of parties voluntarily comply.” Those damned foreign investors, not wanting to do business with corrupt governments that screw them.