From a paper entitled: The TPP’s Investment Chapter: Entrenching, rather than reforming, a flawed system
Overall, the US claims to have made a number of improvements to the ISDS system and investment protection standards included in the TPP. While reforms would of course be welcome, the changes that have been made to the TPP do not address the underlying fundamental concerns about ISDS and strong investment protections; in some cases, the changes represent just small tweaks around the margins, while in other cases, the provisions represent a step backwards. At their core, ISDS and investor protections in treaties establish a privileged and powerful mechanism for foreign investors to bring claims against governments that fundamentally affect how domestic law is developed, interpreted and applied, and sideline the roles of domestic individuals and institutions in shaping and applying public norms. For this reason, the TPP should drop ISDS altogether, or replace it with a new and truly reformed mechanism that addresses the myriad concerns that are still lurking in the TPP.
link to intro page:
link to full paper:
if link goes dead, look up Democracy Now, episode for Friday 20th November 2015
[via Stop Making Sense]
Two articles in the two leading US newspapers:
NeoConservative Robert Kagan writes for the Wall Street Journal and continues to offer the kind of sound analysis and advice the NeoCon’s are known for.