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I do not understand why countries want to give up so much power to foreign corporations? So desperate to get foreign investment money? As far as I understand t
by qznc 11y ago
I do not understand why countries want to give up so much power to foreign corporations? So desperate to get foreign investment money?
As far as I understand the implications it transfer risk from corporations to government for international investments. US BigCo puts a few millions into some german fracking project. If it fails they (secretly) sue Germany and get their money back (without any press noticing).
- r00fus 11y ago"Countries" are made up of fallible and corruptible human beings. Just take a look at how many heads of state in Europe have close ties with Goldman Sachs. Now the global corporatocracy is metastasizing - and all the concerns of the those who fear "UN overreach" will now be materialized, but in the form of corporate-owned venues.
- twobits 11y ago"I do not understand why countries want to give up so much power to foreign corporations?" Because: a) "Countries" don't give up those things. The corrupted and bribed politicians do. b) If you are not corrupted, you can't get elected. The system rejects you from the start. If you are somehow magically elected, you are threatened. If that's not enough, the USA "brings democracy" to your country. PS: All high level politicians are corrupted, in every country.