The view of the Slovenian philosopher Slavoj Žižek on the proposed Trans Pacific Partnership Trade agreement:
“This is particularly clear when we look at the Investor State Dispute Settlement (ISDS) for resolving disputes between investors and states. This arbitration procedure gives companies the power to sue states if they are responsible for loss of profits. That means multinationals can impose their policies on democratically elected governments….
“Such rules already apply in several bilateral trade agreements and we can see how they function. The Swedish energy supplier Vattenfall sued the German government for several billion euros [4.7 billion] in compensation after the latter decided to gradually take nuclear plants off the power grid in the aftermath of the Fukushima disaster. A measure adopted by an elected government to protect public health is hanging in the balance because of the potential losses of an energy giant.”
Source: La Repubblica, October 19