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The people who point out that we already have investor-state dispute settlement provisions in other trade deals and ‘so far so good, we haven’t had to worry about them’ …man, that is such an absurd argument. When it comes to arms reduction and nuclear proliferation, do we say ‘Hey, we haven’t had World War III yet, so its OK to keep on building the bombs and spreading them around?’ No, we aim to restrict the prevalence of the weapons, we don’t make them easier to use, and we don’t try to claim that they ‘protect’ us. Meaning: the fears about the ISDS provisions in the Trans Pacific Partnership deal are well-founded. The reality is that there is a sharp uptick in the occurrence of ISDS litigation in developed countries, and even the right wing likes of The Economist have been souring on the process for some time. Read the rest of this entry »