[ComputerWorldUK] TTIP Update VII
In this blog Glyn Moody has a close look at investor-state dispute resolution (ISDS). In summary he argues that "investment protection provisions are simply unnecessary when it comes to EU-US trade. But what's really disturbing in that [...] the European Commission believes that these have something to do with each other, [...]. That is not just wrong, it is downright insidious: it places the rights of investors at the same level as the rights of citizens; it asserts that the public must necessarily give up some of its own hard-won health, environmental and social protections in order to "protect" the ability of companies to make profits."
"This pernicious notion is why ISDS is not fixable in any way, despite what the European Commission would have us to believe. Its very presence in a trade agreement is an affront to the citizens in whose name it is supposedly being negotiated, and an affront to democracy itself. ISDS must go."