How Corporate Sovereignty Threatens Democracy
Faced with the threat of enormous fines, other parliaments may choose to ignore the will of their people by meekly acquiescing to corporate demands.
Via Techdirt:
As people have begun to learn about corporate sovereignty through plans to include it in TAFTA/TTIP, the European Commission has been trying to scotch the idea that it might allow corporations to dictate policies to nations. Here, for example, is a comment in the Commission's main TTIP FAQ, which tries to answer the question "Why is the EU including Investor to State Dispute Settlement in the TTIP?":
Including measures to protect investors does not prevent governments from passing laws, nor does it lead to laws being repealed. At most, it can lead to compensation being paid.
Those are all tr...