Discussion in 'Law and Justice System' started by JBeukema, May 6, 2011.
Familiar with it?
From what I understand - a foreign company can "sue" America, and a tribunal system that is not American, can assign a fine against America, of which the American citizens would have to pay.
And, oh, the tribunal courts are not public.
Not a chance of corruption here eh?
Yes. It says that investors will not be discriminated against. It will treat each parties' investors as it's own. If it discriminates against foreign investors, the investor has the right to take their claim to a tribunal that will adjudicate the dispute. It is the rule of law applied to international trade.
Constitution and Sovereignty kaput!
I admit ignorance to the details, but I have a real problem with a "host" country (a.k.a. the American taxpayer) having to pay a fine on a supposed violation decided by a tribunal that is not public.
The United States signed a treaty and passed it into law. Every single treaty any country ever signs, or any contract signed by anyone for that matter, restricts behavior by the terms of the treaty or the contract. If the treaty or contract is violated, parties have the right to adjudication for redress. That is how civil societies work. If you don't want the benefits, don't sign a contract binding you to the terms of the contract.
and therein lies the problem with a representative form of govt.
I never signed this.
So...let's sign off on NAFTA then.
Yes. I negotiated the treaty.
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